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the local market efficiently. At the same time, we have plans to
progressively supply select products and components to global
and regional markets as capacities, localisation levels and INTERACTION
demand align.
Manufacturing in India helps optimise supply chains, improve
delivery timelines and respond better to diverse project
requirements. Products developed locally are validated against
applicable international codes and standards, ensuring they are
suitable for wider deployment when required.
Overall, this approach supports long-term capability building, skill
development and technology integration in India, while keeping
the business aligned with global frameworks and future growth
opportunities.

How is your organisation embedding sustainability, cleaner
technologies and environmentally responsible practices into its
products, operations and long-term strategy?
Sustainability is embedded into TK Elevator’s products, operations
and long-term planning through a combination of energy-efficient
design, responsible manufacturing practices and lifecycle-
focused service models. Our approach is centred on reducing
environmental impact while maintaining safety, reliability and
performance.
At the product level, we focus on energy-efficient systems such as
optimised drive technologies, intelligent controls and regenerative increasingly in Tier-2 and Tier-3 cities where multi-story housing and
features that help lower power consumption in elevators and mixed-use developments are becoming more common.
escalators, particularly in high-usage buildings. Digital monitoring Residential real estate — particularly high-rise apartments and
and predictive maintenance also contribute to sustainability multi-family complexes — will continue to be a major growth
by extending equipment life, reducing unplanned repairs and engine as India’s urban population grows and land constraints
minimising material waste over the lifecycle of the system. encourage vertical development. Alongside this, the commercial
Across operations, we are working toward cleaner and more sector — including office buildings, retail spaces, IT parks and
efficient manufacturing processes, including improved energy business complexes — is a key source of sustained demand,
management, waste reduction and responsible sourcing of driven by expanding economic activity and modern workspace
materials. Local manufacturing under the Make in India framework requirements.
helps shorten supply chains, reduce transportation-related Public infrastructure and institutional projects are also significant
emissions and support more efficient logistics. contributors to market growth. Expansion of metro rail networks,
From a long-term perspective, sustainability is integrated into how modernization of airports, hospitals, educational institutions and
we support customers. Data-driven insights help building owners government facilities requires large numbers of elevators and
optimise energy use and plan upgrades based on lifecycle escalators to ensure accessibility and efficient people movement.
performance rather than short-term fixes. At the same time, The Smart Cities Mission and other government-led urban initiatives
continuous compliance with evolving safety and environmental are reinforcing this trend by integrating vertical transport into
standards ensures that our solutions remain aligned with future broader urban mobility planning.
regulatory and urban sustainability goals. Another important demand driver is technology adoption and
Overall, TK Elevator’s sustainability efforts focus on steady, modernisation. There is growing interest in smart, energy-efficient
measurable improvements—supporting more efficient buildings, and connected vertical transport systems that offer features such
responsible operations and resilient urban infrastructure over the as predictive maintenance, IoT integration, touchless controls
long term. and improved safety — especially in premium residential and
commercial projects. At the same time, the need to modernise
Your outlook for the Indian elevators & escalators market. Which aging equipment in older buildings is creating a parallel market
sectors will be the major demand drivers? for retrofit upgrades, adding to overall demand.
The outlook for the Indian elevators and escalators market In summary, India’s elevators and escalators market outlook is
remains robust, supported by multiple long-term structural trends positive, underpinned by urbanisation, infrastructure expansion,
and sectoral growth drivers. Continued urbanisation and the commercial and residential construction, and increasing demand
rise of vertical construction are central to market expansion, as for modern, digital and sustainable vertical mobility solutions.
residential and commercial buildings increasingly rely on efficient These combined drivers are expected to sustain healthy growth
vertical mobility solutions. Over the next several years, demand is over the coming years as the nation’s urban landscape continues
expected to remain strong not just in major metropolitan hubs but to evolve.

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