HD Construction Equipment to build forklift plant and R&D center in India

HD Construction Equipment's Indian subsidiary will invest 87.7 billion won ($63 million) to build a new forklift production base and R&D center near its existing excavator plant in Chakan, Maharashtra. The forklift plant will have an annual capacity of up to 5,000 units.

“By adding a dedicated forklift production facility in India, we plan to build a production system with annual capacity of up to 5,000 units and expand exports to neighboring emerging markets.”en.sedaily.com

• 1 source
• en.sedaily.comHD Construction Equipment to Invest 87.7 Billion Won in India Forklift Plant, R&D Center - Seoul Economic DailyYoo Hyun-wookAug 31, 2026

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