‘Metro orders took a bad hit’
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Infra projects kept Johnson Lifts on the move, says ED
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Infra projects kept Johnson Lifts on the move, says ED
Major disruption in construction activity during the lockdown severely impacted the lifts and elevators business, as most migrant labourers were forced to return home. However, with the realty sector picking up, sales began returning to normal in December. Johnson Lifts hopes to reach pre-Covid sales figures by April 2021, executive director
V. Jagannathan said in an interview. Excerpts:
What has been the impact of COVID-19 on your business beginning April?
The builder segment is a major contributor to the lifts business and migrant workers form a majority of the workforce in the real estate sector. Due to COVID-19 and the lockdowns, migrant workers moved to their hometowns, thereby affecting construction activity. Hence, Q1 sales dipped, but [things] improved in Q2, supported by the government stimulus. There was further improvement in Q3, showing positive signs of an early revival.