Godrej Material Handling aims for 30% market share in the counterbalance Electric Forklift market by 2024

Godrej & Boyce (G&B), the flagship company of the Godrej Group, has announced that its business, Godrej Material Handling, aims to capture a 30% market share of the counterbalance electric forklift market by 2024 starting with the introduction of the new Uno Electric Forklift Truck. It comes with advanced ergonomics, augmented safety, improved visibility, and a longer runtime on every charge, and is a workhorse in the 1.5 to 3-tonne forklift category. Its performance is near comparable to a diesel forklift in the same tonnage category with the added advantage of it being gentle on the environment and rugged on the job.

The specially designed new Uno Electric forklift brings in a range of benefits like 30% higher throughput (pallets moved per hour) with faster travel and lifting speeds. It is designed for the operator's comfort, making long hours effortless even during intense handling operations. Its indigenously designed AC motor technology is built to suit Indian conditions, which makes G&B the only Indian company to build its own AC electric motors for forklifts. Its robust construction protects sensitive internal components from damage while powering through tough working conditions. It can continue operations even in tropical climate conditions enabled by a superior electronic control system.

Anil Lingayat, Executive VP and Business Head, Godrej Material Handling said, "At Godrej, environmental sustainability has always been at the heart of the products we manufacture. In our constant efforts to give back to the environment, we are expanding our range of green forklifts by launching the new Uno Electric Forklifts that have zero emissions, are operator friendly and give our customers maximum throughput in their factories and warehouses. Material Handling foresees rising demand for Fork Trucks across industry sectors. The new Uno Electric Forklifts would serve the Food & Beverages, Pharmaceuticals, Chemicals, Automotive, Paper & Packaging, 3PL, Appliances and Consumer Electronics industries most, even though they are versatile for most material handling operations."

Godrej & Boyce, as part of their commitment towards the global EP100 initiative, are working to reduce its carbon intensity by 30% and to double its energy productivity by 2030. The company has also been working on Li-ion batteries for its range of battery-powered equipment. Li-ion batteries give more working hours while consuming less power for recharging. The company expects the demand for Li-ion batteries to increase over the next 5 years as users need their forklift fleets to become more productive.