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.
In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company’s plans.
In spite of the current slowdown in the material handling equipment market due to the COVID-19 pandemic, the market is expected to bounce back soon with new practices of safer handling in warehousing operations.
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.
KION?s Indian forklift truck brand, Voltas, is joining forces with the Italian brand OM in India. To harness the vast market potential of the subcontinent even more effectively, trucks containing Voltas technology will in future be marketed under the name OM Voltas. KION India will also be selling products based on the technology of the Italian KION brand under the sole name of OM. ?We will be combining one hundred years of OM technical know-how and 65 years of Voltas expertise. The idea is to strengthen our market position in India by capitalising further on the KION,? emphasised Sunil K Gupta, CEO, KION India.
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.
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.
KION India has introduced the Social Innovation Scheme in collaboration with Yashaswi Institute of Technology (YIT) as a Corporate Social Responsibility initiative. Details on this Earn while Learn initiative...
Voltas Material Handling, India?s leading forklift and material handling equipment manufacturer, has announced that it will operate under the name of KION India.
Our 75tonne crawler model ACX750 is a highperformance, rough terrain and rugged machine, with bestinclass lifting duties,? says Sunil K Gupta, Associate President, Action Construction Equipment.
It?s the dark horse segment. Consider the figures: the crawler crane market constitutes just three per cent of the total mobile cranes sales in India whereas the pick-n-carry cranes control the major chunk, 93 per cent of the total sales.