BYD Group's India subsidiary gets into material handling equipment business

BYD (Build Your Dreams) India Private Limited, a subsidiary of China-based EV maker BYD Group, has forayed into the Material Handling Equipment (MHE) business in India, making it the sole company to provide MHE products with lithium-iron phosphate battery in the country.

The company offers a wide range of MHE products including counterbalance forklifts, reach trucks, electric stackers, BOPT, tow trucks and hand pallet trucks. 

Ulhas Makeshwar, Head of BYD India MHE business, said, "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.