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