Demand for road machinery back in second quarter
The construction equipment sales have gained momentum as awarding of 22 expressway projects under the Bharatmala project by the government drove the industry towards recovery from Covid-19.
Three top manufacturers JCB, Tata Hitachi and Volvo that supply equipment for large infrastructure projects, road construction, mining, and agriculture sectors witnessed demand for machines from August and September onwards.
According to data sourced from the Indian Construction Equipment Manufacturers Association (ICEMA), the sales have increased nearly three times during the second quarter compared to the first quarter this year.
“The industry started the current fiscal with a decline of 25% in sales in FY20 and the first quarter was very bad.
