As the seventh-largest country in terms of land area and one of the oldest civilizations, India stands out as a significant global player. With a GDP that ranks sixth in the world and a growth rate ranging from 6 to 8 percent, the country's economic ascent is remarkable. Toco has been present in this dynamic market since 2020, tapping into its substantial potential.
The primary market segments for Toco in India include Medical and Mobile machinery. Major global corporations focused on imaging and surgical equipment have a strong presence in the country. Notably, Philips and GE have localized their global research centers in India.
Furthermore, India is a substantial market for Mobile machinery, with leading companies like CNH and John Deere establishing their global R&D centers here. The automotive industry and industrial automation in warehouses and pharmaceutical companies, where robots and cobots are equipped with Toco LIFTKITS and SLIDEKITS, present additional promising market segments.
Toco provides technical support not only to its customers in India but also to those in Southeast Asia, a practical arrangement given the proximity in time zones and the existing daily support calls with clients.
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