The hydraulic solution provider will invest Rs 30 crore in 2019 and the next 30 in 2020.
Hyva, a global leader for hydraulic solutions in the commercial vehicle and environmental services industries, announced Rs 30 crore investments per annum in 2019 and 2020. This lets Hyva India further increase production capacity and create a brand new ‘Refuse Collection Body Centre’ in the Pune plant.
Marco Mazzu, Hyva CEO, on his recent trip to India, while celebrating Hyva’s 40th anniversary said, “India is a major market for us because it is not only a large sales market but it is also a core market for the manufacturing operations of Hyva. We have over 40 percent markets share in front-end tipping solutions and now with India’s focus on construction and infrastructure development, it is one of the fastest growing markets worldwide for tipping solution.”
Established in 1979, the business has pursued a successful expansion strategy through organic growth and continuous acquisitions, expanding its global presence to more than 110 countries. By building a broad portfolio of successful products and speeding up the innovation processes, Hyva consolidated its business penetration in markets across continents and reassured its leadership in several product lines. Hyva started its India operations in 1997, and today has four plants across the territory – in Navi Mumbai, Jamshedpur, Bangalore and Pune – Hyva India serves a strong portfolio of clients from Tata Motors, Volvo India, Daimler India Commercial Vehicles, VE Commercial Vehicles, Scania Commercial Vehicles India and Mahindra.
The company’s product portfolio includes tipper bodies, waste handling solutions and tipper hydraulics products. It recently launched ‘Alpha’ hydraulic cylinders series, ‘Propel’ tipper bodies and few concepts for waste handling and cranes businesses.
Hyva India is also looking to grow in the waste handling sector, distinctive for its major development pace on the Indian market which is supported by the Indian Government through campaigns like ‘Clean City Mission’ and ‘Smart City Mission.’ The growing demand of efficient solutions for transportation and collection of municipal solid waste has led to an increase in the market of static as well as mobile compactors. Together, with tipping bodies and hydraulics, waste handling solutions contribute to Hyva India performance growth, which in terms of sales has claimed to have reached the level of Rs 850 crore (around US$ 125 million) in 2018.
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