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Excavator sales in India will fall year-on-year in 2020 due to the Covid-19 pandemic and lockdown. However, the fundamental drivers for the industry remain good and sales are expected to not only bounce back but reach unprecedented highs in the coming years.
Sales are falling sharply this year due to the pandemic and lockdown, but the market for these enormously popular machines will rebound.
Demand may be more volatile than other equipment types, but our detailed analysis shows a number of clear market trends.
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