Engel India Bullish on Growth in India Market
Mumbai – The Indian market continues to open up huge potential for the Austrian injection moulding manufacturer Engel. After a year dominated by Covid, it achieved record sales in the last financial year 2021-22.
“We expect an annual growth rate of up to 20 percent, depending of course on market and geopolitical developments. In order to cope with the growth even better, we moved into new, very modern offices in Mumbai at the beginning of this year. We have thus created the basis to grow further in terms of personnel and to welcome even more customers for project meetings and training in our own premises,” said Stalinjose Selvanayagam, General Manager, ENGEL India.
In an email response, the company said, “We are continuously evaluating the opportunities and possibilities and are also talking about further investment in India. Currently, however, there are no concrete plans to report.”
Currently, Engel India’s primary tasks are sales, service support and spare parts support besides offering training to customers. The decisive factor is always the demand, the needs of our customers. The company feels that it is important to be close to its customers in all regions of the world.
“We currently have 24 employees in India, but only ten of them are based in Mumbai. There are additional sales offices in Chennai, Delhi and, more recently, in Pune, and our service technicians are also based in various industrial regions. The service network is constantly being expanded.”
Engel has traditionally had a very strong presence in the Indian automotive industry, especially with OEMs and Tier 1 suppliers. Although uncertainty due to Covid and global political tensions is currently postponing investments, it expects further growth in this industry in the medium and long term. In addition, the packaging and medical sectors open up a lot of potential. “Both sectors are recording good growth rates. Here the demand for all-electric injection moulding machines from European development is increasing. In addition, t-win machines from Engel’s second brand Wintec are increasingly in demand.”
Engel India is a wholly-owned subsidiary of Engel Austria GmbH and are responsible for the entire Indian market and beyond that the SAARC region with the exception of Pakistan.
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