Page 54 - CV April-May 2019 issue

CONSTRUCTION ndia's contribution to JCB sales risesto 39% from
24%The construction equipment and earthmoving
Iindustry is poised for another record year and global
EQUIPMENT sales may cross the one million unit mark, according to
JCB. The Indian government's move to cut GST rates on
construction equipment from 28 per cent to18 per cent has
INDUSTRY resulted in unprecedented demand in India over the last
five months.

set for a Record sales
India's contribution to JCB global sales has shot up from
24 per cent in 2007 to a record 39 per cent in 2017.
RECORD YEAR Construction equipment sales were at a record 9,00,000
units globally last calendar year, registering a growth of
over 20 per cent. With the first quarter just closing in and
the numbers showing strong growth, JCB expects another
record year.

52 / CONSTRUCTION VISION / May June 2019