Construction equipment (CE) sales rose 18 per cent y-o-y to 27,244 units during Q1 FY24 aided by the government’s thrust on infrastructure spending. Another reason for higher sales of earthmoving, road and material handling equipment is due to the government’s plan to complete projects on time ahead of the crucial Lok Sabha elections scheduled in 2024. Besides, the government’s aim to spend the bulk of the funds in the current calendar year will further boost sales in Q2 and Q3 FY24.