Otis Elevator Sales Rise 8.5% To Rs 55.38 Cr In First Four Months

Chairman of the company, Keshub Mahindra, while addressing shareholders at the 43rd annual general meeting here said Otis was initiating various strategic plans. He added the company would soon introduce the Otis 300 VF. It was setting up a manufacturing facility at Bangalore, he informed. The companys net profit has risen 32.6 per cent in the year ended March 31. It declared a dividend of 50 per cent. Sales climbed 10.5 per cent.