PALFINGER sets up a new Global Development Center together with its partner L&T Technology Services (LTTS) in India. As the country is both a growth and a future market for PALFINGER, the collaboration with LTTS comes at just the right time. It is a decisive move to drive innovation, scale up operations, and accelerate time-to-market for PALFINGER, not only for projects in India but also for global development efforts.

The partnership was officially inaugurated during a ceremony in Pune on December 9, where the agreement was signed, laying the foundation for the long-term collaboration. "By partnering with LTTS, we are significantly expanding our engineering capacity in a key market for future growth. This investment is a direct expression of Reach Higher, our Strategy 2030+, and strengthens our presence in strategically important regions like APAC with India at the forefront. It’s a strong signal of our commitment to Lifetime Excellence through global integration and local empowerment," says Alexander Susanek, COO at PALFINGER.

Alind Saxena, Executive Director and President, Mobility and Tech, L&T Technology Services, said, “PALFINGER is a global innovator with an ambitious strategy for the future and we are proud to support their journey with our deep engineering expertise in AI-led digital transformation. The new GDC in Pune will serve as a strategic innovation hub bringing together AI-powered simulation and embedded engineering to help PALFINGER build future-ready solutions while achieving faster development and improved cost competitiveness.”

Global Development Center in Pune: Leveraging Talent for Global Impact
Located about 150 kilometers southeast of Mumbai, Pune is a recognized hub for the automotive, software, and mechanical engineering industries. Under the agreement, LTTS will establish and operate the GDC on behalf of PALFINGER, providing a dedicated team of engineers and experts who will support both local and global development initiatives. Starting with around 20 experts the team is meant to grow further along with specific initiatives.

This investment gives PALFINGER global engineering teams access to a wider talent pool, enhancing responsiveness and adaptability in an increasingly dynamic market environment. Furthermore, the team will grant access and fast response to the specific of the Indian market while keeping the consistency with PALFINGER processes. Indeed, the team in Pune will be closely integrated into PALFINGER’s global engineering network, especially with the Technology Center in Köstendorf, Austria.

Investing in India – an Investment in the Future
India is a strategic growth market for PALFINGER. In addition to the newly established Global Development Center, the company is actively expanding its local partner network, optimizing the supply chain and pursuing plans for setting up a local production facility. This will enable PALFINGER to meet the growing demand for lifting solutions directly on-site and further strengthen its presence in the region.

From December 9 to 13, PALFINGER is showcasing its portfolio at EXCON 2025 in Bangalore. With its largest appearance at South Asia’s leading construction equipment trade fair to date, PALFINGER highlights the growing relevance of India and reaffirms its long-term commitment to the region.