Voltas’ material handling operations will be integrated into a new joint venture company (JV), where Kion Group will hold a majority share. The JV will be named Voltas Materials Handling (VMH) and start operations in April 2011.
As KION Group’s sixth brand, Voltas will be used by VMH to focus on the Indian market with a product range that includes diesel/LPG and electric trucks with load capacities of 1.5 to 16 tons. VMH will have twenty-five branches and dealerships all over India.
Published 19 March 2011, 16:17 IST