Escorts Construction Equipment volume grew by 79.9 percent in April 2022

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Escorts Ltd. Construction Equipment Segment (ECE) in April 2022 sold 340 machines registering a growth of 79.9 percent against 189 machines sold in April 2021.

In April 2022 Construction Equipment industry witnessed continued challenge on retail demand due to cost escalation across all segments even though there is a growth over last year when the first half was impacted due to COVID-19 related challenges.

With Government thrust on infrastructure and export potential in emerging markets, we expect good recovery in current fiscal year 2022-23. But continued inflation in input costs leading to higher owning cost for customers remains a key cause of concern.