The new facility will initially manufacture diesel and electric fork lift trucks. The company has invested Rs 12 crore for this facility.
Speaking on the occasion Daniel Signorini, director, VMH and Senior advisor to KION Group said, "The growth will come through increase in production capacities and enlargement of product portfolio. VMH especially sees a large potential in the logistics sector which is still fairly unorganised but will change very soon in India. VMH therefore see a large potential for its warehouse equipment, of which KION Group has a full bouquet . Initially some of this equipment will be imported from Europe, but in due course will be increasingly localised in India . VMH will continue to invest in India to cater to the large demand .
Last year, Voltas has produced 1700 units of forklifts from its Thane plant.
The new plant in Pune will have the same production capacities by the end of this year, effectively doubling the capacities of VMH. Voltas had already exported to Middle East and Africa from its Thane plant before and that will continue.
He added that this plant has an efficient manufacturing set up and will be critical to VMH operations.
Sanjay Johri, managing director of Voltas said, "KION Group has unrivalled know-how and technological leadership in the forklift truck business, thus the partnership will help VMH further consolidate its leading position in India."
The JV started operations in India in May 2011, after Voltas transferred its materials handling business division (MHBD) of developing, manufacturing, selling and servicing forklift trucks and warehousing equipment to Voltas Material Handling Pvt. Ltd., the Joint Venture company between Voltas Ltd and KION Group.