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Indian MHE market rapidly shifting to tier II and III cities

Manojit Acharya, Director – South Asia and Thailand Region, and Managing Director India, Jungheinrich AG, speaks on the current state of the MHE market in India, and the key trends and developments shaping the market landscape.

Our solutions increase efficiency reduce carbon footprint

Manojit Acharya, Managing Director, Jungheinrich India, speaks on the company’s approach towards environmental sustainability.

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.

We have a huge focus on Indian market

With three full-fledged warehouses in Bhiwandi, Bengaluru and Gurgaon, Jungheinrich is expanding its reach across the regions in the country. Manojit Acharya, Managing Director, Jungheinrich Lift Truck India, shares more on the market scenario and the company’s plans for the Indian market.

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.

MHE holds enormous growth potential

Despite the relative slowdown in demand in the current fiscal, the market for material handling equipment (MHE) will continue to expand in double digits over the next few years.

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