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INTERACTION COVER STORY

MAX

We at TK Elevator have introduced several

ground-breaking technologies

TK Elevator offers a comprehensive range of mobility products and services, including passenger, freight
and panoramic elevators, for both low and high-rise properties, its commitment to quality and innovation
covers the entire life cycle of elevators, escalators and moving walks. In an exclusive
interview to CONSTRUCTION OPPORTUNITIES, MANISH MEHAN, CEO & MD, TK ELEVATOR (INDIA) PVT. LTD,
gives an overview of the Indian elevator & escalator industry, innovative technologies, his company’s
emphasis on R&D and a lot more.

Provide us an overview of the Indian elevator and escalator market,
current trends and market dynamics.
Indian elevator and escalator market is registering steady growth and
is expected to reach nearly US$ 1517.66 Mn by 2027 with the CAGR of
approx. 7% during the forecast period. Central government’s drive to
affordable housing coupled with the time-bound distribution of residential
& commercial schemes will drive the demand for elevators. The ongoing
metro developments through Delhi, Pune, Nagpur, Chennai, Bengaluru,
Lucknow, Hyderabad, and few more cities will also drive the demand for
elevators and escalators as both are part of the new day metro station
infrastructure. The demand for high-speed elevators is growing thanks
to the development of commercial properties. Aesthetic innovations in
look and feel are also big differentiators.
Today, users and members of the public consider elevators more than
just a means of travel, aesthetically advanced and intelligent elevators
are taking centre stage as India continues to urbanize. Understanding
this need and requirement, we have designed elevators which are not
only elegant and sophisticated but also smart in technology, in different
configurations suitable for various private and public use-cases in India.
For instance, MAX — our smart, machine learning Internet of Things
(IoT) elevator solution dramatically increases elevator availability by

34 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2023