Swiss elevators and escalators major Schindler India is gearing up to start manufacturing escalators in the country to cater to the growing demand from metros, airports, shopping malls and railway stations, said a top company executive. This will make Schindler the first MNC to manufacture escalators in India.
“Our plant will be ready by December and we have already started vendor development programme. We will start trial production in April and the first batch of escalators will roll out in May or June 2018,” said Uday Kulkarni, president, Schindler India and South East Asia. He said the company had invested Rs. 100 crore in the escalator plant that is almost ready on the company’s premises at Chakan near Pune. This is part of the Rs. 600 crore investment the company had committed in its first phase of operations which includes a manufacturing facility for elevators, a testing centre and Schindler University. The elevators plant with a capacity of 12,000 units has been operational since 2014.
The escalator plant will have a capacity of 1,100 to 1,200 units per year, but in 2018 the company will manufacture 200 escalators, Mr. Kulkarni said. Infrastructure escalators will be manufactured from 2019, he said.
India’s escalators market is estimated at 3,500 units which is projected to grow to 4,000 to 5,000 units following demand for infrastructure segment which includes metros, railways and airport. This is as compared to more than 60,000 elevators sold in India every year.
For escalators, the company will start with 40% local content, which would be scaled up to 60% by 2020. Plans are on to export to Bangladesh and some neighbouring countries.
‘Digital Plan’
Meanwhile, the company has introduced a ‘Schindler Digital Plan’ to help architects and planners with product and design information while building and planning.
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