# Godrej & Boyce launches lithium-ion battery-powered forklift truck

Godrej & Boyce launched India's first lithium-ion battery-powered forklift truck with a fully indigenously developed Battery Management System, developed in collaboration with Log9 Materials. The company aims to increase market share to 30% and revenue to Rs 1,500 crore over two years.

- Type: Product launch
- Announced: 2024-08-22
- Where: Khalapur, Maharashtra, India
- Status: announced
- Products: lithium-ion battery-powered forklift truck, Battery Management System
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Godrej & Boyce](https://endata.com/companies/3758.md)
- [Log9 Materials](https://endata.com/companies/79343.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/companies/news/godrej-boyce-targets-mkt-share-boost-with-battery-powered-forklift-truck-124082201033_1.html), 2024-08-22: "Godrej & Boyce, which launched India's first lithium-ion battery-powered forklift truck featuring a fully indigenously developed Battery Management System (BMS), is aiming to increase its market share to 30 per cent from the current 26 per cent."

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