BYD forays into MHE business in India
The MHE will be powered with a lithium iron phosphate battery technology
BYD (Build Your Dreams) India, a subsidiary of BYD Group, an electric vehicle (EV) maker, has forayed into Material Handling Equipment (MHE) business in India, making it the sole company to provide MHE products with lithium-iron phosphate battery in the country.
BYD’s MHE products adopt the company’s proprietary lithium-iron phosphate battery technology that provides their customers with a worry-free operating experience. Unlike traditional lead-acid battery powered equipment, BYD’s MHE products feature maintenance-free ‘One Battery for Life-time Operation’, meaning the battery can fulfill a life-long service reducing the cost of replacement or purchase. The company offers a wide range of MHE products into the Indian market that include counterbalance forklifts (1.6 to 5 tonnes), reach trucks (up to 1.6T), electric stackers (up to 1.4T), BOPT (up to 2T), tow trucks (up to 25T) and hand pallet trucks (up to 2.5T). In India, BYD has already set up a head office in Chennai that operate this business pan India.
BYD’s MHE products integrate parts from world known suppliers, such as, KDS Motors, Zapi/Curtis controller and ZF drive axle. The product allows opportunity charging, customized configuration and great environmental benefit of zero pollution, zero emission and zero noise.
BYD established its own MHE R&D and manufacturing facility at Shaoguan, Guangdong, China in 2009 with an investment of 515 million Chinese Yuan ($73 million) and an area over 700,000m2. The facility has six assembly lines which produce electric forklifts, stackers, reach truck, battery operated pallet truck (BOPT) and tow trucks. Its annual production capacity is 30,000 units and it is expected to triple the growth in 2019.
Ulhas Makeshwar, head of BYD India MHE business, said, “Our products have received sound feedbacks from the market, and we are very positive on acquiring more market share in a short term. Along with our direct sales, we are actively exploring business partners across India. Our major focus is on 3PL, warehousing and logistics companies.”
“The Indian warehousing and logistics sector is expected to attract nearly $10 billion investment over the next 4-5 years, and the modernisation, technological advancement and process optimisation of the warehousing sector is undoubtedly the key driving force behind the growth of logistics sector,” he added.
Ketsu Zhang, executive director of BYD India, said, “With its exceptional performance, we believe BYD’s lithium-iron phosphate technology will become the next market favor in recent future. The market is looking very promising and we aim to become India’s largest premium electric warehousing and logistics equipment supplier within 3 years.”