To ensure greater safety on highways, the government has proposed stricter norms that include features like machine-mounted audible travel alarms, non-metallic fuel tank and wider operator visibility
The government on Sunday said it has issued draft notification for separate emission norms for agriculture machinery and construction equipment vehicles.
The domestic credit rating agency said it continues to maintain negative outlook for the domestic MCE sector based on the prevailing overall scenario
Immediate term demand outlook in the dealer community is also negative
The study noted that highway construction has been one of the key drivers for equipment growth
The pace of road construction is expected to pick up now that the monsoon has come to an end, says Vipin Sondhi, managing director and chief executive officer at JCB India
A rapid pick up in the pace of road construction projects has boded well for the construction equipment market which went through a rough patch in 2015. In 2017-18
Proposed legislation is similar to the Central Motor Vehicle Rules