German system partner for quality tools is expanding in India, plans to double its manpower and open offices in various parts of the country.
Headquartered in Germany, Hoffmann Group, the European leader in quality tools, today announced the inauguration of a new office in Pune to tap the growing Indian market. Started its operation in 2016 in India, Hoffmann is witnessing rapid growth in the country.
Hoffmann Group markets products through its own sales offices in Asia and is investigating in business models to further expand in the Indian market. Hoffmann Group is planning significant investments in the coming year, to increase its reach and enhance service.
Speaking at the inauguration of the new facility, Mr. Martin Reichenecker, Member of Hoffmann’s Board of Executive Directors said, “India is one of the most important growth markets for us, and it is also important for sourcing. We offer a reliable supply of quality tools along with specific machining expertise. This way we help Indian manufacturers raise their productivity. In future, our investment will see a steady growth and we see good opportunities to become an important player, especially in e-commerce in India.”
Pinaki Banerjee, MD, Asia Pacific, Hoffmann Quality Tools, Asia Pacific Pte Ltd. said: “We started our operations in India on April 1, 2016 and I must say that we are fortunate that we have entered the market when the business sentiment looks positive, manufacturing is growing and FDIs are coming in. Also, I would like to point out that whenever a multinational enters the Indian market they first enter with a dealer network, then open a branch office before finally a subsidiary will be established.The way Hoffmann Group has started in the market by directly setting up a subsidiary, it is a clear commitment to the market and to our Indian customers.”
Hoffmann Group is one of the leading system partners in Europe and directly competing with the best and biggest in the industry. Hoffmann Group markets its own brand Garant and sources products from the leading manufacturers. With 75,000 products in the catalogue, the company works with roughly 500 suppliers and manufacturers, most of them are coming from Europe.
“We are here for a long haul. We want to provide the best solution to the customers and help them enhance their productivity and efficiency,” Martin Reichenecker stated. “Apart from that, we are going to introduce ‘e-commerce’ in the Indian market where 75,000 products will be available. Our customers will be able to select the product, check the pricing, integrate it with their ERP system and the product will be delivered within two weeks. This will make the life of a purchase manager hassle-free. We are also known for our excellent logistics services.We deliver almost 60,000 products everyday throughout Europe and would like to replicate the same in the Indian market. Also, we are going to introduce INR pricing in India from January 2018, probably the first overseas company to do so,” concludes Reichenecker.
The Hoffmann Group
As Europe’s leading system partner for quality tools, the Hoffmann Group combines commercial expertise with both manufacturing and service competence. To more than 135,000 customers this combination guarantees reliability in supply, quality and productivity, in the tooling sector and also in the workstations and storage sector. Optimum and reliable advice, from individual needs analysis through to efficient use of products, is assured at all times. Alongside tools for machining, clamping, measuring, grinding and cutting, the portfolio also comprises hand tools, protective work wear, workstations and storage and workshop accessories. Customers include major listed companies as well as medium-sized and small companies in more than 50 countries. In 2016, the Hoffmann Group generated a worldwide turnover of more than one billion euros. Including GARANT, its own premium brand, the Hoffmann Group offers 75,000 quality tools from the world’s leading manufacturers. With comprehensive customer service and delivery quality of over 99 percent as certified by the TÜV, the tools specialist, headquartered in Munich, is a reliable and efficient partner for its customers