Escorts’ Construction Equipment Segment (ECE) in April 2022 sold 340 machines registering a growth of 79.9% 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, the company 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.
Escorts is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.
