TIL Limited under the TIL- Hyster partnership has recently rolled out the 100th ReachStacker, from its Changual facility Kharagpur, West Bengal recently. The Hyster-TIL ReachStacker is manufactured by TIL under license agreement with NACCO Materials Handling Group, Inc. (‘NMHG') for its Hyster brand. The 100th Reachstacker was delivered to Pramod Gupta, Managing Director EFC Logistics India Private Limited.
The TIL-Hyster partnership brings together two leading companies with complementary strengths and strategic vision signifying a strong partnership for manufacturing tough trucks. In 2008, TIL forged the partnership and licensee agreement with NMHG (Hyster Brand), for manufacturing Hyster designed ReachStackers in its factory for the Indian Market.
This partnership also enables TIL to sell and service the Hyster range of products in India, Nepal and Bhutan. According to the Company, the ReachStackers are built as per Hyster design and stringent quality standards in line with those produced at Hyster's Nijmegen plant in the Netherlands.
Speaking on the occasion, Sumit Mazumder, Chairman & Managing Director TIL said: "We achieved this important milestone at an appropriate time when our Prime Minister has launched an exciting ‘Make in India' campaign to turn India into a global manufacturing hub.
"This important feat and development demonstrates the trust reposed by a global leader like Hyster on the value engineering, manufacturing & distribution prowess of TIL. The roll out of the 100th ReachStacker is a significant milestone on our 70th anniversary and we are confident of manufacturing and rolling out the next 100 ReachStackers in a much shorter time."
The partnership has a clear focus for both TIL and Hyster. TIL has also started exports of the Reach Stackers to NMHG's Asia Pacific Region and has turned its manufacturing facility into a source for component supply to one of NMHG's European plants.
Mazumder further added: "India has a growing market for port and container handling equipment. With the increasing containerization level in India, development of dedicated logistics parks for handling containerized cargo and the growing thrust on developing container terminals on the east and west coasts of India, we believe there is a significant opportunity for big trucks and container handling equipment in India.
"The local manufacturing by TIL is providing distinct competitive advantages to its customers - by reducing delivery lead times and improving total cost of ownership. In addition, customers are also able to access door step aftermarket support through a pan-Indian distribution network."
"NMHG is able to source world class fabricated components and fully built machines to improve the share of business, especially in the Asia Pacific Region, leveraging the manufacturing cost advantage of the TIL facility and NMHG's global distribution network. Thus it is a win-win partnership.".
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