# TVS Mobility and Palfinger to set up INR 350 crore manufacturing plant in Pune

TVS Mobility Group and Palfinger AG signed an MoU to jointly set up a manufacturing plant in Pune, Maharashtra, with an estimated investment of INR 350 crore. The plant will produce truck-mounted cranes and steel components, initially over 1,000 units annually, and is expected to be operational by 2027.

- Type: New facility
- Announced: 2026-02-23
- Where: Pune, Maharashtra, India
- Value: $42.0M (3.50B INR)
- Starts operating: 2027
- Status: announced
- Capacity: over 1,000 units annually
- Products: truck-mounted cranes, steel components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Palfinger](https://endata.com/companies/17648.md) (partner)
- [TVS Mobility](https://endata.com/companies/60655.md) (partner)

## Sources

- [biltraxmedia.com](https://www.biltraxmedia.com/tvs-palfinger-to-set-up-350-crore-manufacturing-plant-in-pune/), 2026-02-23: "The Pune plant will initially produce more than 1,000 units annually, focusing on truck-mounted cranes and related steel components."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.