# TVS Mobility and PALFINGER sign MoU for manufacturing facility in Pune

TVS Mobility Group and PALFINGER AG signed an MoU with a first-phase investment of Rs 350 crore to establish a manufacturing facility in Pune by 2027. The collaboration will integrate supply chain, dealership, aftermarket and mobility services to support PALFINGER's domestic and global expansion.

- Type: Partnership
- Announced: 2026-03-01
- Where: Pune, India
- Value: $42.0M (3.50B INR)
- Status: announced
- Products: manufacturing equipment, mobility services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [constructionworld.in](https://www.constructionworld.in/gold/heavy-construction-equipment/tvs-mobility-and-palfinger-sign-rs-350-crore-pact/87686), 2026-03-01: "TVS Mobility Group and PALFINGER AG have signed an MoU with a first-phase investment of Rs 350 crore to establish a manufacturing facility in Pune by 2027."

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