Godrej Material Handling aims 30% revenue in Telangana
The flagship company of the Godrej Group, Godrej & Boyce, announced that its business Godrej Material Handling has projected 15 per cent business growth in Telangana. The business showcased its recently launched forklift trucks including 3 Wheel Bravo Electric Forklift and Godrej PRO Series Reach Truck for the first time in Hyderabad.
The warehousing demand in Hyderabad drives its E-commerce, retail, and pharma companies. Retail and e-commerce companies either prefer to manage their own operations or outsource their logistics and warehousing operations to third-party logistics (3PL) players and equipment rental providers. This has led to increase in demand of battery-operated equipment which can work in narrow aisles and can stack vertically up to 12m. Thus, the demand of these equipment has increased in the state. With technologically advanced innovations, Godrej Material Handling aims to achieve 30 per cent of revenue in FY23 with an aspiration to achieve 50 per cent of revenue in next three years.
Anil Lingayat, Executive Vice President & Business Head, Godrej Material Handling said, “Godrej & Boyce believes in an Atmanirbhar Bharat, and so home-grown manufacturing is vital to the company's operations. Godrej Material Handling has pioneered several innovations in India, making it the sole Indian manufacturer of material handling equipment and the largest manufacturer and exporter of forklift trucks and solutions in the country. Furthermore, in order to expedite India's expansion as a manufacturing hub, we had recently launched two revolutionary material handling equipment solutions to boost supply chain operations. With our recent exhibition of the machinery in Hyderabad, we hope to address the market demand in the city by manufacturing equipment and offering rental solutions.”
Godrej Material Handling is the only Indian player to offer wet disc brakes that are present in Bravo Electric Forklift series. They are the most advanced and safe braking systems with lesser braking effort resulting in shorter stopping distance ensuring workplace safety. This advanced piece of machinery is easier to operate, safer for the environment and moves quietly across the workspace. Godrej PRO Series Reach Truck can lift up to 12 metres and its new frame design and best-in-class turning performance enables the PRO Reach Trucks to work in aisles as narrow as 2.6 metres.
