Going Green in MHE
Driven by many global logistics and e-commerce players entering the Indian arena, in general merchandise, perishables, pharmaceuticals and environment sensitive goods, electrically operated material handling equipment market is expected to grow exponentially. As such, the market is ripe for battery manufacturers to encash from the upcoming opportunities in both OEM and aftermarkets.
Many leading MHE and solutions providers are already offering such products fitted with suitable imported batteries. A golden opportunity for Indian battery makers to upgrade their product lines to provide made in India low cost but equivalent substitutes for higher voltage, high capacity and long lasting batteries used in such equipment, beginning in the aftermarket space and later graduating to OEM suppliers.
On a positive note, Indian industry has already tasted success in terms of business excellence and profitably through use of low cost but highly efficient warehousing and logistics supply chains in some parts of the country. Expansions in other areas are already under implementation. Therefore, more equipment will be required, hence more demand for MHE batteries.