KONE India To Manufacture Escalators

KONE Elevator India will start manufacturing escalators at its Sriperumbudur plant in India from the first half of 2024 as part of its expansion program and will be the only company to manufacture escalators in India, The Hindu reports. KONE India has been importing escalators from China and Finland and then assembling them, but the company will start manufacturing and assembling them locally for the domestic market to support the “Make in India” initiative. Initially, KONE will manufacture a few hundred escalators for the domestic market against a few thousand elevators. The target customers are airports, metro stations, railway stations and shopping malls, among others. The Indian market for escalators and elevators is pegged at about 65,000 to 70,000 units per annum, of which escalators account for 5%. KONE India has a market share of 25% in the elevator segment. KONE India is likely to end the calendar year 2023 with a 15% growth over CY2022 and is likely to maintain the same growth target for CY2024, according to the source.

Get more of Elevator World. Sign up for our free e-newsletter.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

SDSU PARKING ELEVATORS OPERATING WITH EXPIRED PERMITS

SDSU Parking Elevators Operating With Expired Permits

Grone

NEII Congratulates Grone on Retirement

SCHINDLER REFLECTS ON 2025 CHALLENGES, REWARDS

Schindler Reflects on 2025 Challenges, Rewards

Techno International Airport; image courtesy of Otis

Otis Provides 118 Units for New Cambodia Airport

Kennedy

In Memoriam: John Lee Kennedy

The renovation features new escalators and more; image courtesy of Robins & Morton.

Huntsville Airport Renovation Includes Vertical Transportation

ALIMAK’S 3Q RESULTS SHOW “RESILIENCE IN A CHALLENGING MARKET”

Alimak’s 3Q Results Show “Resilience in a Challenging Market”

ROBUST SERVICE AND MODERNIZATION BUOY KONE IN 3Q

Robust Service and Modernization Buoy KONE in 3Q