India's Ricardo Elevators' Global Expansion Plan Announced

India’s Ricardo Elevators has announced an ambitious expansion strategy aimed at significantly strengthening its presence across India and international markets, Machine Maker reports. The company is targeting 40 customer touchpoints by the end of 2026. The planned 40-touchpoint network will include company-operated flagship experience centers, regional showrooms, dealer-led outlets and international country partnerships. This expansion drive includes the inauguration of new experience centers in Lucknow and Jammu. The company currently operates 21 experience centers across India and plans to add three more locations within the next two months. In addition, Ricardo Elevators (Aus & NZ) Pty Ltd. has received a Plant Design Registration Certificate from SafeWork New South Wales, clearing a key regulatory requirement for the sale, installation and commissioning of elevators in Australia. Following the approval, the company has already secured three confirmed customer orders in the market. The company has also commenced exports to Malaysia and is executing confirmed orders. Ricardo’s powder-coated Malaysian shaft technology has emerged as a differentiating feature in the market. Building on its progress, Ricardo Elevators is actively pursuing partnerships and distributor agreements across several international markets.