Mtandt makes US$30 million Dingli investment
By Leila Steed01 August 2022
India-based Mtandt Group is to invest US$30 million in boom and scissors lifts from Dingli as part of its 2022-2023 expansion strategy.
The company, which is based near Chennai in the south of India and holds a leading share in the Indian and SAARC markets, has been renting and selling Dingli aerial platforms for more than 15 years.
Its investment, which is thought will amount to around 700 aerial platforms, comes as manufacturer Dingli appoints Sachin Raj Desai - the former business development manager for Husqvarna Group - as its new director for SAARC countries and establishes a new branch in Chennai.
Mtandt, which has also brought in a new team under that will be led by CEO Ramesh Srinivasan, said that with the strengthening of Dingli’s sales and service support in the region, it was “proud and confident of its association with Dingli”.