Kone In­dia launches 2 mid-range lifts


Kone In­dia, an arm of the Fin­nish es­ca­la­tor and el­e­va­tor com­pany Kone. has launched a new range of el­e­va­tors. U MonoS­pace and US­pace, for the grow­ing mid-range mar­ket The com­pany with its ma­nu­rac­tunng fa­cil­ity on the out­skirts of Chenna'. is in the process of set­ting up a sec­ond plant at Sn­pe­rum­budur, which is likely to be com­mis­sioned by the sec­ond quar­ter of 2019. Man­ag­ing Di­rec­tor of Kone El­e­va­tor In­dia. Amit Gos­sain said that the new prod­ucts of the com­pany have 26 cars with vi­su­als in­spired by Navratna, the nine gems. These de­signs are unique and help dif­fer­en­ti­ate in the mar­ket place and en­hance the cus­tomer ex­pe­nence. Since the de­mand for aes­thet­ics is gain­ing im­por­tance. the new col­lec­tion is set to cre­ate a last­ing user ex­pe­ri­ence He fur­ther added that In­dia is the sec­ond largest el­e­va­tor and es­ca­la­tor mar­ket in the world and ac­counts for about 50.000 units sales per an­num, where Kone In­dia com­mands 20% mar­ket share and is ex­pect­ing to see the mar­ket grow by about 6-7 per cent this year. thereby. it is poised to see a dou­ble-digit growth rate He. how­ever. ad­mit­ted that last year was tough for the el­e­va­tors and es­ca­la­tor busi­ness in the coun­try as rt had to bear with the im­pact of the de­mon­e­ti­za­tion. GST transition and RERA. This re­sulted in a flat busi­ness and the in­dus­try man­aged to gel through the phase rid­ing on or­ders which were un­der ex­e­cu­tion He now sees the real es­tate, which ac­counts for nearly 70 per cent of the to­tal de­mand in the coun­try. to or­der for more as new projects get ex­e­cuted. Glob­ally, Kone has tied up with IBM Wat­son to of­fer loT (In­ter­net of Things) con­nected el­e­va­tors and the com­pany ex­pects to launch these loT so­lu­tions too in In­dia within a year. he claimed

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