Escorts Construction Equipment Segment (ECE) in May 2022 sold 305 machines registering a growth of 96. 8 percent against 155 devices sold within May 2021.
In May 2022, growth trend continued in Construction Gear industry due to low base of last year despite challenges on retail demand because of input cost escalation.
With Government thrust on infrastructure we expect good recovery in the later part of current fiscal year 2022-23. But steep rise in input costs leading to higher owning price for customers remains a key cause of concern.
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(This story has not been edited by Business Regular staff and is auto-generated from a syndicated feed. )
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