Hyva to Invest Rs 600 mn in India by 2020

Hyva to Invest Rs 600 mn in India by 2020
Hyva to Invest Rs 600 mn in India by 2020

Hyva has announced to invest Rs 600 mn over the next two years in India. The investment will include increase production capacity and create a brand new Refuse Collection Body Centre in the Pune plant. 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, claims the company.

Hyva India manufactures product range for tipper bodies, waste handling solutions, and tipper hydraulics products. With over 40% market share, Hyva has lately launched Alpha hydraulic cylinders series, Propel tipper bodies, and new references in waste handling and cranes businesses. 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 Ltd, Volvo India Private Itd., Daimler India Commercial Vehicles Pvt. Ltd, VE Commercial Vehicles Ltd, Scania Commercial Vehicles India Private Ltd, and Mahindra. Together with tipping bodies and hydraulics, waste handling solutions contribute to Hyva India performance growth, which in terms of sales reached the level of INR8.5 Bn (around US$ 125 million) in 2018.

Marco Mazzu, CEO, Hyva, said the company has over 40% market 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.