TIL Limited (NSE: TIL), a manufacturer of material handling and infrastructure equipment, announced the rollout of its 400th Hyster-TIL ReachStacker from its Kharagpur facility. This milestone, achieved over 14 years since the first ReachStacker was produced in 2010, further reiterates TIL's manufacturing excellence and significant contribution to India's material handling equipment sector.
The company's production volumes have grown substantially from just 3 units in the first year to over 50 units annually during 2016-19, demonstrating strong market acceptance and manufacturing capabilities. With a target of producing more than 50 ReachStackers in the next fiscal year, TIL Limited continues to enhance its manufacturing capabilities. The latest model features ergonomic cabins with intelligent monitoring systems providing real-time performance data, positioning the company at the forefront of industry innovation. This focus on technological advancement and stringent quality control measures, including GPS-enabled braking efficiency verification and comprehensive load testing protocols, reinforce TIL's commitment to maintaining global standards in Indian manufacturing.
Alok Kumar Tripathi, President of TIL Limited, said, "Our Kharagpur facility, equipped with advanced CNC technology and India's only ReachStacker testing track, exemplifies our commitment to world-class manufacturing. As India positions itself as a global manufacturing destination, this achievement paves the way for expanded opportunities in new markets and geographies. The growing trust in Indian-made equipment, evidenced by past sales to Hyster-Yale for its customers’ requirements in export markets like SE Asia, Australia, and other global regions, validates our focus on quality and innovation."
Further, Pinaki Niyogy, Chief Operating Officer & Chief Technology Officer of TIL Limited, added, "The technological sophistication of our 400th ReachStacker represents our commitment to continuous innovation. The Hyster-TIL RS46-33 ReachStacker's lifting capacity of 46 tons showcases our expertise in port handling solutions. The newly designed ergonomic cabin offers all-around visibility while our integrated IoT ecosystem enables real-time performance monitoring. The innovative ECO-mode operations deliver significant fuel savings, addressing the growing demand for sustainable solutions from port operators and logistics companies worldwide while maintaining our position at the forefront of technological advancement. Our machines are much more stable than some of the other machines present in the marketplace."
Rajesh Wazarkar, VP, Managing Director, India Operations, Hyster?Yale Materials Handling, Inc., further added, "Our 14-year collaboration with TIL exemplifies the power of strategic partnerships in driving manufacturing excellence. TIL's ability to integrate cutting-edge technologies while maintaining the highest quality standards has consistently impressed customers who are focused on quality and reliability. We remain committed to this partnership that has successfully delivered world-class equipment to customers across continents and established India as a critical hub in our global manufacturing network. We are confident that in the coming years, Hyster & TIL will work together to bring more advanced features on ReachStacker and other innovative solutions in the forklift trucks category in India."
TIL's Hyster-TIL ReachStackers have established a strong international presence, with over 40 units exported across diverse markets, including Australia, New Zealand, Southeast Asia, and other global regions.
