Our capacity and expertise in primary research also allows the Indian team to take on Private Client Research, which leverages our experience and knowledge to deliver detailed and tailored insights to our clients on a private and confidential basis.
The disruption of the 2019 general election and the impact of the Covid pandemic have seen sales of compaction equipment in India fall away from the high seen in 2018. But the country’s ambitions road building programme should see this peaked matched by 2023.
Once the temporary barriers to growth are overcome, demand from the infrastructure segment should drive sales higher after two years of falling sales.
Despite the pandemic, more backhoe loaders continue to be sold in India than the rest of the world combined.
The National Infrastructure Pipeline (NIP) will provide huge opportunities in road, rail, power and airport construction up to the end of the 2024-25 financial year.
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