With the economy descending deeper and deeper into coronavirus chaos, demand headwinds are bound to intensify for the construction equipment (CE) sector. Sandeep Singh, President, Indian Construction Equipment Manufacturers' Association (ICEMA) in interaction with ETAuto said the industry is staring at a decline of 23 percent in the financial year 2019-2020. Singh added if the coronavirus pandemic persists, the domestic CE players will certainly face the unnerving unknowns in their business operations in the coming months, making it difficult for the industry to comply with new emission standards by October 2020. He also said industry body ICEMA has decided to reach out to the government to postpone the implementation of CE BS-IV norms. Edited Excerpts:
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