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ElectroMech and Hyster-Yale sign agreement

By Niranjan Mudholkar,

Added 26 April 2017

This agreement, specifically for the sale and service of the Yale® and UTILEV® product range, will allow both companies to build on each other’s strengths.

electromech-and-hyster-yale

LtoR - Tushar Mehendale, MD ElectroMech and Anthony Salgado, Senior Vice President, JAPIC of Hyster-Yale Group

ElectroMech has announced an agreement with Hyster-Yale Asia- Pacific Pty Ltd, for the sales and service of their Yale® and UTILEV® lift trucks in India.

With this announcement, ElectroMech reinforces its lead in material handling solutions in India, now with a wider range of products.  This agreement, specifically for the sale and service of the Yale® and UTILEV® product range, will allow both companies to build on each other’s strengths. 

ElectroMech’s leadership position in the Indian market and dependable service support from its group company, Cranedge, resonates with the global technology from Hyster-Yale. The estimated annual market size for forklifts in India is about 10,000 units, with increasing demand for products that use the latest technologies that are expected to increase productivity and lower cost of ownership.

The agreement with ElectroMech will concentrate on catering to a wider range of industries which currently remain untapped. This is in synch with Hyster-Yale’s goals for the Japan, Asia, Pacific, India and China (“JAPIC”) operations theatre which include the formation of strategic alliances in the burgeoning markets. 

Hyster-Yale is looking at this alliance to expand its presence in the Indian market and enhance its ability to offer products aimed at meeting the specific customer needs. 

(Continued on the next page)

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