PALFINGER Signs MoU with TVS Mobility Group to Expand Lifting Solutions Business in India

PALFINGER has signed a memorandum of understanding with TVS Mobility Group to formalise and expand their collaboration in India. The partnership aims to enhance operational efficiency and improve market responsiveness as part of PALFINGER’s Strategy 2030+, with a focus on supply chain optimisation, rental services and service network development.

TVS Mobility Group, a leading end-to-end mobility solutions provider in India, will support PALFINGER in strengthening its presence in one of its key growth markets. The move comes amid rising demand for specialised lifting solutions driven by infrastructure development, construction activity, logistics modernisation and defence requirements.

The MoU provides a structured framework for long-term cooperation, enabling PALFINGER to scale operations, improve market access and deliver enhanced support to customers across India.

As a leading supplier of automotive components and logistics solutions in India with more than 25,000 employees, a footprint across 25 countries and USD 3 billion in collective revenue, TVS Mobility Group contributes capabilities across supply chain, mobility infrastructure, dealership and distribution, installation, and aftermarket support. Potential areas of cooperation include supply chain solutions, free trade warehousing zone operations, infrastructure, rentals, dealership and service network development, as well as the exploration of defense-related opportunities.

By strengthening logistics and operational capabilities on the ground, the collaboration is expected to enable faster availability of parts, streamlined service support, and improved operational coordination. A shared focus is to enhance service responsiveness and support higher equipment uptime through efficient logistics, infrastructure readiness, and operational execution. Selected joint activities are already underway, including logistics and infrastructure support. Further elements will be operationalized progressively based on business needs and mutual agreement.

“TVS Mobility brings strong operational presence, infrastructure, and execution capabilities. This makes them a strong partner for us all over India. By combining strengths, we are expanding our footprint, improving parts availability and service responsiveness, and building a scalable platform for sustainable growth. This collaboration is a key building block to bring our APAC growth strategy to life as part of our Strategy 2030+,” says Andreas Klauser, CEO of PALFINGER.

R. Dinesh, Director of TVS Mobility Group, said, “This partnership builds on our existing relationship with PALFINGER and reinforces our role as an integrated mobility solutions provider supporting global equipment companies in India. By leveraging the combined strengths of TVS Supply Chain Solutions, TVS Automobile Solutions and TVS Smart Mobility, we aim to enable faster go-to-market, operational efficiency and scalable lifecycle support to support PALFINGER’s growth in India.”