Infra Elevators, a Kerala-based elevator manufacturer, will be opening its new manufacturing facility at the Industrial Growth Centre in Pallippuram on the outskirts of Thuravur. Managing Director, V.A. Manoj Kumar revealed that the current production capacity is 180 units per annum from the existing two facilities, and with the commissioning of the ₹5 crore new facility, the company will increase its production to 365 units per year, and thereby increase its turnover to ₹40 crore during fiscal year 2019-20, from the current ₹30 crore. The new unit will develop customized products, including passenger lifts, capsule lifts, home lifts, car lifts, among others. While sales of commercial lifts are seeing a downward trend in recent times due to business slowdown, demand for home lifts are on the rise due to the growth in construction of independent houses across the state. As of now, the company has a market share of around 50 percent of home elevators in Kerala. The company imports some raw materials and components, while the rest are domestically sourced with a value addition of 40-50 percent, informed director A.S. Govindan, and added that the company is also exporting to Oman and Nepal.
📅Published on:
01 March 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
