TVS Mobility Private Limited (TVS Mobility Group) today announced the signing of a Memorandum of Understanding with PALFINGER to provide integrated supply chain, dealership, aftermarket, rental and mobility services for PALFINGER’s operations in India. The collaboration will support PALFINGER’s plans to strengthen its presence in the country and build long-term customer support capabilities.
As part of its global Strategy 2030+ roadmap, PALFINGER will invest ₹350 crore in the first phase to set up a manufacturing facility in Pune, targeted for completion by calendar year 2027. TVS Mobility Group will assist PALFINGER’s India rollout by preparing supply chain operations, enabling market access and providing lifecycle services through its network of group companies.
PALFINGER’s Strategy 2030+ focuses on three pillars: enhancing customer value, maintaining balanced and profitable growth, and strengthening operational performance. With PALFINGER planning to serve both domestic and export markets from India, TVS Mobility Group will help accelerate market readiness and create scalable service infrastructure.
The partnership will draw on the combined capabilities of TVS Supply Chain Solutions, TVS Automobile Solutions and TVS Smart Mobility, each operating under separate agreements while delivering a coordinated approach across logistics, dealership operations, aftermarket services and mobility support.
TVS Supply Chain Solutions will lead logistics and supply chain management as PALFINGER builds its manufacturing base in India. The company will manage inbound shipments from Austria, handle Free Trade Warehousing Zone operations and oversee integrated warehousing, ensuring smooth material flow and distribution.
TVS Smart Mobility will support PALFINGER’s market entry through its dealership network of more than 150 outlets across India. Its mobility platform will provide Vehicle-on-Demand services and structured deployment solutions to expand reach and improve customer accessibility nationwide.
TVS Automobile Solutions will deliver service and parts support through its national distribution and service network. By linking aftermarket operations with broader mobility services, it will help improve turnaround times, maintain equipment uptime and strengthen customer experience.
The two companies will also explore opportunities in the defence sector by combining PALFINGER’s specialised lifting equipment technology with TVS Mobility Group’s operational strengths and logistics expertise. R Dinesh, Director, TVS Mobility Group, said the partnership builds on an existing relationship and reflects the group’s ability to support global equipment companies entering India. He noted that the collaboration will help speed up market entry, improve efficiency and create reliable service infrastructure. Andreas Klauser, CEO of PALFINGER AG, said TVS Mobility Group’s nationwide network and execution strength make it a valuable partner for PALFINGER’s India growth plans and wider Asia-Pacific strategy.
TVS Mobility Group, with annual revenue exceeding USD 3 billion, operates across manufacturing, global supply chain services, aftermarket distribution and vehicle distribution in India and Sri Lanka. PALFINGER AG is a global technology and engineering company that sets industry benchmarks through innovative lifting solutions. Focused on transforming customer needs into fully integrated solutions, PALFINGER combines a broad product portfolio with a strong regional presence to drive balanced, profitable growth.
Guided by its commitment to “Lifetime Excellence,” the company delivers high performance throughout the entire product lifecycle. With approximately 12,350 employees, 30 international manufacturing facilities, and a worldwide distribution and service network, PALFINGER maintains close proximity to its customers. Listed on the Vienna Stock Exchange since 1999, PALFINGER AG reported revenues of EUR 2.36 billion in 2024.
