Release from 10.12.2025

PALFINGER and LTTS Launch Strategic Partnership in India to Expand Global Engineering Capacity

PALFINGER and LTTS start partnership in India with the inauguration of the Global Development Center in Pune to boost PALFINGER’s global engineering capacities. © L&T Technology Services

The inauguration was attended by Alexander Susanek (COO, PALFINGER), Andreas Hille (SVP Global Product Line Management & R&D, PALFINGER), and Santhosh Rao (VP Regional Sales & Service APAC, PALFINGER). From LTTS, attendees included Mritunjay Singh (COO), Dr. Oliver Moron (Vice President, EU-DACH), Mohideen Farouk (Sales Director, EU-DACH), Jayant Joshi (Delivery Head, T&OH), Tejas B Shah (Delivery Head, Agriculture & Material Handling) and Sachin Nikam (Delivery Manager).

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PALFINGER, a global leader in innovative lifting solutions, and L&T Technology Services (LTTS), a global leader in AI, Digital & ER&D Consulting Services, have announced a strategic partnership to establish a Global Development Center (GDC) in Pune, India. The collaboration marks a significant step forward in strengthening PALFINGER’s global engineering capabilities – enhancing speed, flexibility, and innovation. Also it reinforces PALFINGER’s commitment to the APAC region, particularly India.

Bergheim, Austria / Pune, India on December 10, 2025

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.

ABOUT PALFINGER AG
With innovative lifting solutions, PALFINGER sets standards worldwide. The leading technology and engineering company turns customer needs into seamlessly integrated solutions. A broad product portfolio and regional footprint drive balanced profitable growth. With its promise of Lifetime Excellence, PALFINGER delivers top performance throughout the entire product lifecycle.

Around 12,350 employees, 30 international manufacturing sites, and a global distribution and service network ensure worldwide proximity to the market.

PALFINGER AG has been listed on the Vienna stock exchange since 1999 and achieved a revenue of EUR 2.36 billion in 2024.

Texts and their accompanying images are available in the “News” section of www.PALFINGER.com.

About L&T Technology Services Ltd
L&T Technology Services (LTTS) is a global leader in AI, Digital & ER&D Consulting Services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes.

Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,670 employees across 23 global design centers, 30 global sales offices, and 105 innovation labs, as of September 30, 2025.

For more information, please visit https://www.LTTS.com/
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Images (4)

 PALFINGER and LTTS start partnership in India with the inauguration of the Global Development Center in Pune to boost PALFINGER’s global engineering capacities.
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Impressions from the opening ceremony of the new Development Center.
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A ceremonial moment: the ribbon cutting marks the launch of the new Global Development Center.
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The team at the official opening of the new Global Development Center.
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Contact

PALFINGER + LTTS_DE

PALFINGER AG
Elisabeth Egle | Senior PR Specialist
M +43 664 85 13218 |
e.egle@PALFINGER.com


L&T Technology Services Limited
Aniruddha Basu
E: Aniruddha.Basu@LTTS.com