TVS Mobility and Palfinger Forge Strategic Partnership to Localise…

Sarah J · 2026-02-24T17:04:15.000Z

In a significant development for India’s industrial and manufacturing landscape, TVS Mobility Group has signed a Memorandum of Understanding (MoU) with Austria-based Palfinger AG to support and accelerate the latter’s manufacturing push in India. Under this expanded collaboration, Palfinger will invest ₹350 crore in a manufacturing facility in Pune, slated to be operational by 2027, while TVS Mobility will provide integrated supply chain, dealership, aftermarket, logistics and mobility services to support business growth and market penetration. Palfinger a global leader in lifting solutions, cranes and engineered equipment is localising production in India as part of its Strategy 2030+, with the Pune plant expected to produce over 1,000 units annually and support both domestic and export markets. Local production is projected to reduce costs by up to 30 per cent compared with relying on imports, broadening competitiveness across segments such as construction, infrastructure, logistics and beyond. TVS Mobility will leverage its group ecosystem including TVS Supply Chain Solutions, TVS Automobile Solutions and TVS Smart Mobility to strengthen operational readiness and deliver end-to-end support through warehousing, inbound logistics, dealer networks, aftermarket services and lifecycle support. The integrated collaboration goes beyond traditional distribution models, emphasising service responsiveness, operational efficiency and infrastructure support in India’s rapidly growing industrial landscape. The Pune facility is a strategic milestone in Palfinger’s localisation efforts, further supported by its newly established Global Development Centre in Pune that integrates Indian engineering expertise into global R&D operations. Together, these initiatives are designed to bolster India’s standing as a manufacturing and innovation hub for advanced lifting solutions and specialised equipment within the Asia-Pacific region. The MoU also highlights exploration in adjacent opportunities such as India’s defence and infrastructure segments, where specialised lifting, handling and mobility solutions are in increasing demand as part of broader industrial modernisation and strategic asset build-outs. The TVS Mobility-Palfinger partnership exemplifies how cross-border industrial collaborations can drive localisation, digital supply transformation and manufacturing innovation at scale. The project reflects the evolving role of Indian partners in enabling European companies to navigate local markets efficiently, adapt supply chains and deliver value across the product lifecycle. European and Indian startups in sectors such as industrial automation, robotics, smart manufacturing, digital supply chain platforms, predictive maintenance, and mobility tech can find strategic opportunities in such ecosystem expansions. Joint ventures, co-innovation labs and knowledge-sharing initiatives rooted in formal partnerships like this can enhance capabilities, accelerate productisation and open doors to export-oriented growth.

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TVS Mobility and Palfinger Forge Strategic Partnership to Localise… | SEINET