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Johnson Lifts to invest ₹250 crore in R&D for high-speed elevators


Representative image.
| Photo Credit: Getty Images/iStockphoto

Johnson Lifts Ltd, manufacturers of elevators and escalators, will be upgrading its Research and Development (R&D) unit with an investment of ₹250 crore to develop and test lifts with speeds exceeding 4 meters per second. This investment will happen over the next 2-3 years.

“We have opened a new office in Noida and our Nagpur factory has recently been expanded. Both at a cumulative cost of ₹54 crore,” said Yohan K John, Director of Johnson Lifts Ltd. The company manufactures 18,000 lifts and about 1,000 escalators annually.

Johnson Lifts Ltd holds a 50% market share in escalator installations at metro stations, having installed 3,396 out of the total 6,942 escalators across all metro stations. The firm has also done some interesting projects including the New Parliament House in New Delhi, Pamban Bridge at Rameshwaram and the Status of Unity, Gujarat. “We are also involved in the redevelopment of Egmore Railway Station, as well as several upcoming metro stations,” Mr. John pointed out.

The company, with over six decades of experience in the industry, launched its new elevator—Eazy Ride Plus on Tuesday. Specifically designed for existing villas and indoor applications, the product aims to enhance accessibility and convenience.

V.Jagannathan, MD and CEO of Johnson Lifts Ltd said: “Eazy Ride Plus caters to India’s growing residential retrofit market – lifts for existing homes – which comprises up to 80% of current demand for home lifts.” He added, “Installing a lift in an existing home is often complicated due to the lack of a build-in-shaft. Eazy Ride Plus eliminates this issue.”

The company has installed over 1,93,000 elevators and more than 7,000 escalators across the country. In the last financial year, it recorded a turnover of ₹3,000 crore.



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