ICRA forecasts moderate CE volume growth
The domestic
construction equipment (CE)
industry may see moderate
volume growth this fiscal as
dealers have reported a
rebound in demand in the
second quarter, according to
an ICRA report. The forecast
is based on a survey of 13
construction equipment
dealers from across the
country. The report also
stated that most dealers
expect a 5-10 per cent hike in
prices next fiscal on account
of new emission norms,
which are to come into effect
from April 2021 for the
CE industry
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