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Manitou completes acquisition of Terex Equipment in India

Manitou group, world-leader in all-terrain material-handling, finalised the acquisition of Terex Equipment Private Limited (TEPL) in India.

A keen strategist

Rajesh Shrivastava, who recently joined Terex Equipment?s (TEPL) management team as Head Marketing and Dealer Development, is a Mechanical Engineer and has done his Masters in Business Administration from the Army Institute of Management & Technology. He brings over 17 years of multi-industry knowledge from within farm and construction equipment and polymers plastics industries. He has been mandated to spearhead the renewed marketing thrust at Terex and play a vital role in its national and inte

Terex Raises the Bar

Demonstrating its commitment to Indian infrastructure development, Terex in India has launched its new world renowned products - the TL 210 wheel loader and PT 200 mini dumper. TL 210, equipped with the 160 hp BS III Cummins engine, is an absolute and powerful loading equipment that offers a wide

TEPL has ambitious plans for quadrupling its top line from present levels

Terex Equipment is all set to ride the bandwagon and be a part of this tremendous growth story that is unrolling in the country, "We have set up another state-of-the-art facility at Hosur, near Bangalore, apart from the existing Greater Noida facility.

A Quick Turnaround

From a Rs 2.75-crore company in 2005-06, TEPL has achieved a turnover of Rs 24.73 crore in 2007-08.

CE Boom Heads East

Even as the American and European markets continue to languish after the global economic crisis, the world is looking towards the BRIC nations (Brazil, Russia, India and China) to lead the recovery.

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