Hyva To Invest INR 600 Million In India By 2020
Hyva announces INR 300 million investments per annum in 2019 and 2020, letting Hyva India further increase production capacity and create a brand new Refuse Collection Body Centre in the Pune plant.
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.
“India is a major market for us, not only it is a large sales market but it is also a core market for the manufacturing operations of Hyva. We have over 40% 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” said Mr. Marco Mazzu, Hyva CEO, on his recent trip to India, while celebrating Hvya’s 40th anniversary.
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.
Hyva India is also bound to grow in the Waste Handling sector, distinctive for its major development pace on the Indian market. The government is also taking a lead to create this awareness by running the campaigns like “Clean City Mission” & “Smart City Mission. The growing demand for efficient solutions for transportation & collection of Municipal solid waste, which leads 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 reached the level of INR8.5 Bn (around US$ 125 million) in 2018.
