Construction Equipment sales may grow 15 per cent on infrastructure push. Sales of equipment such as backhoe loaders, excavators, earth moving machines and pick-n-carry cranes had peaked.
In 2011 it come at an all time high of 52,500 units.
The growth this year is estimated despite a 6-8% increase in the prices of construction machines.
“A lot of emphasis is also being put on irrigation projects towards desilting rivers, digging new ponds.”
“Even if we were to look at a conservative estimate, industry sales should grow in the range of 10-15% and breach the previous peak seen in 2011,”MD Sandeep Singh said.