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Kone Elevator India plans to commence manufacturing escalators in H1/2024

Thursday, 21 Dec 2023
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Kone Elevator India is planning to start manufacturing escalators in India from the first half of 2024 as part of its expansion programme. The company is set to increase its revenue with the launch of more products.

Presently, the pilot is under progress at its Sriperumbudur plant, and is expected to be completed in January 2024. Initially, the Indian subsidiary of Kone Corporation will manufacture a few hundreds of these escalators for the domestic market. To support the 'Make In India' initiative, the company will commence production and assembling them locally.

Till now, Kone India used to import escalators from China and Finland and then assemble them. Its target audience are airports, metro stations, railway stations and shopping malls among others.

Meanwhile, Kone Elevator has urged the state governments to implement the Lift Act at the earliest as it was important. Currently it is implemented by 11 states, including Tamil Nadu, Kerala, Karnataka, Gujarat, Maharashtra and New Delhi, among others.


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