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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

BYD India enters MHE business

BYD India, a subsidiary of the China-based EV maker BYD Group, has entered into material handling equipment (MHE) business in India. Currently, BYD is the only company to provide MHE products with lithium-iron phosphate battery in the country.

Our goal will be to grow at 2-2.5x of the industry growth rate

?The forklift and reach truck market in India is growing rapidly. The industry is demanding latest technologies in equipment, which makes them safe, reliable and efficient,? says SA Mohan, Chief Executive Officer, Maini Materials Movement, which has recently entered into a strategic tie-up with Yale.

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