Construction Equipment demand to falter amid Covid-19 pandemic

摘要

The Indian construction (CE) industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity. As a result, the construction equipment industry witnessed a significant volume de-growth of ~16% in CY2019; volumes de-grew by ~22-24 % in FY2020. The situation has been further exacerbated due to the Covid- 19 outbreak and the nationwide lockdown. The industry is expected to de- grow by 15-20% during CY2020. These were the conclusions of ICRA's nationwide survey of CE dealers across 12 states in the country, covering Andhra Pradesh, Bihar, J&K, Punjab, Haryana, Himachal Pradesh, Uttarakhand, Telangana, Karnataka, Kerala, Madhya Pradesh and Rajasthan. The extensive survey was conducted through the month of April 20.