Record road construction drives Construction Equipment Market into the green, industry eyes record output in FY-22
The industry is expected further to grow by 10-15% in FY22 and rescale its previous sales peak of FY19.
Synopsis
Operating at over 80% capacity, the industry is looking for fresh capacity addition and close to Rs 3000 crore of investment is lined up across manufacturers, several people in the know, said.
Led by record road construction in FY-21, the construction equipment market bounced back in a V-shaped recovery posting 7% growth over previous year. With the centre's sustained investment on infrastructure, the industry is anticipating record output in FY-22, and could breach the 1 lakh units sales mark.
Operating at over 80% capacity, the industry is looking for fresh capacity addition and close to Rs 3000 crore of investment is lined up
