Exhibit 21.1

SUBSIDIARIES OF HYSTER-YALE, INC.

The following is a list of active subsidiaries as of the date of the filing with the Securities and Exchange Commission of the Annual Report on Form 10‑K to which this is an Exhibit. Except as noted, all of these subsidiaries are wholly owned, directly or indirectly.
NameIncorporation
Auramo OYFinland
Bolzoni Auramo Pty Ltd.Australia
Bolzoni Auramo SL Sociedad UnipersonalSpain
Bolzoni Canada Ltd.Canada
Bolzoni (Hebei) Forks Manufacturing Co. Ltd.China
Bolzoni Holding Hong KongHong Kong (PRC)
Bolzoni Holding SrlItaly
Bolzoni Inc.Delaware
Bolzoni Ltd.United Kingdom
Bolzoni Machining S.r.l.Italy (60%)
Bolzoni Portugal Lda.Portugal (31%)
Bolzoni SarlFrance
Bolzoni South America Acessorios Para Empilhadeiras Ltda.Brazil
Bolzoni Sp. ZooPoland (60%)
Bolzoni SpAItaly
Bolzoni (Wuxi) Forklift Truck Attachment Co, Ltd.China
Cooperatief IntegratR U.A.Netherlands (67%)
G2AFrance (75%)
Hiroshima Yale Co., Ltd.Japan (10%)
HYG Financial Services, Inc.Delaware (20%)
Hyster (H.K.) LimitedHong Kong (PRC)
Hyster Overseas Capital Corporation, LLCDelaware
Hyster-Yale Acquisition Holding LimitedUnited Kingdom
Hyster-Yale Australia Holding Pty Ltd.Australia
Hyster-Yale Asia-Pacific Pte. Ltd.Singapore
Hyster-Yale Asia-Pacific Pty, Ltd.Australia
Hyster-Yale Brasil Empilhadeiras Ltda.Brazil
Hyster-Yale Canada ULCCanada
Hyster-Yale Deutschland GmbHGermany
Hyster-Yale Europe B.V.Netherlands
Hyster-Yale France S.A.R.L.France
Hyster-Yale Materials Handling, Inc.Delaware
Hyster-Yale Group LimitedUnited Kingdom
Hyster-Yale Italia SpAItaly
Hyster-Yale Lift Trucks India Private LimitedIndia
Hyster-Yale Lift Trucks Singapore Pte. Ltd.Singapore
Hyster-Yale Manufacturing Private LimitedIndia
Hyster-Yale Materials Handling Malaysia Sdn. Bhd.Malaysia
Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd.China (90%)
Hyster-Yale MauritiusMauritius
Hyster-Yale Mexico S.A. de C.V.Mexico
Hyster-Yale Nederland B.V.Netherlands
Hyster-Yale UK LimitedUnited Kingdom
Hyster-Yale UK Pension Co. LimitedUnited Kingdom
Hyster-Yale Vietnam Limited Liability CompanyVietnam
Maximal Forklift (Zhejiang) Co., Ltd.China (90%)
Meyer GmbHGermany
Onoda Industry Co. Ltd.Japan (20%)
Shanghai Hyster Forklift, Ltd.China



NameIncorporation
Shanghai Hyster Forklift Technology Co., Ltd.China
SNP Estate CorporationPhilippines (20%)
Suminac Philippines, Inc.Philippines (50%)
Sumitomo NACCO Forklift Co., Ltd.Japan (50%)
Sumitomo NACCO Forklift Sales Co., Ltd.Japan (50%)
Sumitomo NACCO Forklift Vietnam Co., Ltd.Vietnam (50%)
Tokai Shinko Co., Ltd.Japan (15%)
Valmar S.r.l.Italy
Yale Materials Handling UK Ltd.United Kingdom
Yale SLT Fordertechnik GmBHGermany