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The recent MHE market demand is on the uptrend”
Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.
KION india opens new facility in Pune
Supporting the government's Make in India initiative, KION opened India's largest material handling equipment facility in Pune
Setting New Benchmark
Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.
New Growth Avenues
Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.
We are investing to further improve our product aesthetics
The KION Group recently made news when its Indian forklift truck brand, Voltas, announced joining forces with the long-established Italian brand OM in India. In this context, Sunil Gupta, CEO and Managing Director, KION India, elaborates on the company's strategies and the way ahead.
Palletisation can bring in higher throughput and desired efficiency
The estimated market size of the total Indian logistics market is to the tune of $200 billion and it generates employment for close to 50 million people in our country.
Material Handling: Meteoric Rise
Modern warehousing and inter modal logistics industry initiatives in India, have redefined how business is conducted in the country in most industry sectors as well as its geographic regions.
Manufacturing industry boom to propel MHE market
Coming year, we are going to launch a couple of products in electric segment including a premium electric forklift, and a more efficient version of our stacker and battery-operated pallet truck. We are also planning to launch a new model of IC forklift, says MRV Johnson, Chief Marketing Officer, KION India.