Schindler to invest Rs. 170 crore to expand its Manufacturing Facilities in India

Schindler India, leading providers of escalators and elevators, a 100% owned subsidiary of Schindler Group is set to invest Rs. 170 crores to expand i...

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Schindler India, leading providers of escalators and elevators, a 100% owned subsidiary of Schindler Group is set to invest Rs. 170 crores to expand its manufacturing facilities by setting up India’s first Escalator manufacturing line and towards improving its Research and development facilities at its plant near Chakan in Pune. These investments will give Schindler India a unique edge and propel them to further strengthen the market leadership position in the elevators and escalators industry in India.
Schindler India is committed to growing the elevators business in India and plans to expand its elevator line to produce a capacity of around 17500 units and its escalator line to 1200 units per annum by 2019.

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