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Material Handling Equipment: Voltas is the pioneer of forklifts in the Indian market

There are many trends in forklifts and MHE which are prevalent in the industry. The main trend is to make the machines more environment- friendly and green, says Milind Shahane, VP-Marketing, Voltas, while sharing his views on the industry scenario.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

Material Handling Equipment: Steady market Growth

Even though the financial years 2008-09 and 2009-10 were extremely tough for the MHE segment due to the global recession, the industry growth is back to figures of 15 to 20 per cent, and this is expected to sustain over the next few years.

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