TVS Mobility

Palfinger will invest ₹350 crore to establish a manufacturing facility in Pune, India, with completion targeted for 2027, in partnership with TVS Mobility for distribution and service.

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.

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.

TVS Mobility's Polymeric Products division was selected to supply fire-resistant silicone hose sets with Nomex reinforcement for the Singapore Metro project. The initial contract is for drain-hose sets for 186 compartments, with expectations of further orders.