New elevator code may raise prices by 2-5%: Kone Elevator India MD

Customers can absorb price hikes, he added

The new lift safety code may lead to a 2–5 per cent price rise, which is minimal and absorbable by customers, Amit Gossain, managing director of KONE Elevator India, said, emphasising that all the states must implement it without delay before the deadline ends in December.

 

Currently, 15 states and one Union Territory have adopted the lift safety code issued by the Bureau of Indian Standards (BIS).

 

The BIS introduced the new code - IS 17900 Part 1 and Part 2 - in 2022, replacing earlier standards like IS 14665 and IS 15785 and bringing India’s elevator safety framework in