: Elevator and escalator company KONE India is aiming a higher sales growth than the industry which is expected to grow to 6-8 per cent this financial year, managing director of the company Amit Gossain said today.
"The growth rate in the elevator and escalator industry remained flat last year. This year, we do expect it grow to 6-8 per cent, as there is a lot of requirement for housing," Gossain told mediapersons here.
The company came out with its new elevator KONE U MonoSpace and KONEU MiniSpace for the mid-range segment. The KONE U MonoSpace elevators are upto 35 per cent more energy efficient, he said.
KONE India, which has a marketshare of over 20 per cent, was setting up its second manufacturing unit at Sriperumbudur near Chennai and was expected to be ready by mid-2019, Gossain said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app