news

Otis India to Expand Bengaluru Manufacturing Capabilities<br>

Aug 28, 2024 · Source: businesswire
Otis India to Expand Bengaluru Manufacturing Capabilities<br>
  • Doubles escalator manufacturing capacity to support infrastructure growth
  • Increases overall manufacturing capacity by 20 percent

Otis India, a subsidiary of Otis Worldwide Corporation (NYSE: OTIS) – the global leader in the manufacture, installation and servicing of elevators and escalators, has announced an expansion in capacity and capabilities of its Bengaluru manufacturing facility. The expansion will provide additional capacity to meet growing residential, commercial & infrastructure demand for elevators and escalators in India and expand coverage into more cities in the country.

“Otis has been a longstanding partner in India’s growth since 1892, and this investment will further strengthen our commitment and growth momentum in this critical market,” said Judy Marks, Otis Chair, CEO and President, speaking at the ground-breaking ceremony for the expansion of the manufacturing facility in Bengaluru. “The expansion will help us better serve our customers in India and export markets with innovative mobility solutions that support the rapid pace of urbanisation.”

Otis India’s Bengaluru facility was established in 1996 and has an Indian Green Building Council (IGBC) Gold certification. The Lead Design Centre within the facility has launched over 25 products for India, as well as for the export market. A previous expansion in 2012 doubled the plant capacity, and the current expansion will further increase its overall capacity by about 20 percent. 

“We’ll be able to double our current escalator production capacity at Bengaluru with this expansion, supporting the growing needs of India’s vital mobility infrastructure,” said Sebi Joseph, Otis India President. “Bengaluru’s capabilities are helping to build modern metro systems, delivering 112 Gen2® elevators for the second phase of the Bengaluru Metro project and supplying 255 units for the Bhopal and Indore metro projects. Additionally, we’ll take another step in harnessing the power of digitalization for a smarter factory to meet our customers’ needs by innovating and improving productivity in transportation, logistics, and other areas of manufacturing.”

For more information on Otis India, please visit otis.com.

Comments (0)

Login to join the conversation

Login / Register

No comments yet. Be the first to comment!

More to Read

Aarti Industries Delivers Promising Q1 FY27; Reaffirms Long-Term Growth Outlook
news
Jul 30, 2026 1 min

Aarti Industries Delivers Promising Q1 FY27; Reaffirms Long-Term Growth Outlook

MUMBAI, India , July 30, 2026 -- Aarti Industries Limited (AIL), a leading global speciality chemicals company, today announced its consolidated financial results for the first quarter ended June 30, 2026. The results were approved by the Board of Directors at its meeting held earlier today. The Company delivered a strong start to FY27, reporting approximately 79% year-on-year and 13% quarter-on-quarter EBITDA growth, driven by an optimised product mix, inventory, and forex gains despite volume degrowth in a challenging global operating environment.

SEMI Announces New Spring Schedule for SEMICON West Beginning March 30-April 1, 2027
news
Jul 30, 2026 1 min

SEMI Announces New Spring Schedule for SEMICON West Beginning March 30-April 1, 2027

Phoenix to Become the Long-term Home of North America s Premier Semiconductor Industry Event MILPITAS, Calif. , July 30, 2026 -- SEMI , the global industry association serving the semiconductor and electronics design and manufacturing supply chain, today announced a significant evolution for SEMICON West , establishing a new annual spring schedule beginning March 30 April 1, 2027, at the Phoenix Convention Center in Phoenix, Arizona.

Elevated Materials Strengthens Commercial Leadership with Appointment of Jay Wang as Chief Revenue Officer
news
Jul 30, 2026 1 min

Elevated Materials Strengthens Commercial Leadership with Appointment of Jay Wang as Chief Revenue Officer

Jay Wang brings global commercial leadership across semiconductors, LEDs, and advanced battery markets as Elevated Materials expands customer adoption of its ultra-thin lithium films. SANTA CLARA, Calif. , July 30, 2026 -- Elevated Materials, a leading manufacturer of ultra-thin lithium films for next-generation batteries, today announced the appointment of Jay Wang as Chief Revenue Officer. Jay brings more than two decades of global sales, business development, and general management experience across battery, semiconductors, LEDs, and advanced technology markets. He has led commercial organizations across Asia and the United States, building high-performing teams, expanding customer relationships, and driving revenue growth across automotive, consumer electronics, AI, networking, IoT, and industrial markets.

Frost & Sullivan Marks 65 Years of Identifying ICT Growth Opportunities
news
Jul 30, 2026 1 min

Frost & Sullivan Marks 65 Years of Identifying ICT Growth Opportunities

Deep sector expertise and AI-powered intelligence help organizations turn technological disruption into growth LONDON , July 30, 2026 -- As Frost & Sullivan celebrates its 65th anniversary, the company is reflecting on its long-standing role in helping organisations anticipate technological change, navigate disruption and identify transformational growth opportunities across the information and communications technology (ICT) landscape.

NYSE Content Update: Jersey Mike's Raises $1 Billion Ahead of NYSE Debut
news
Jul 30, 2026 1 min

NYSE Content Update: Jersey Mike's Raises $1 Billion Ahead of NYSE Debut

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK , July 30, 2026 -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today s NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on July 30th Jersey Mike s Subs (NYSE: JMKE) and Reformation (NYSE: REF) will begin trading on the NYSE today following their respective IPOs. Jersey Mike s offers more than 43 million shares at 23 a piece. Jersey Mike s CEO Charlie Morrison will join NYSE Live to discuss the firm s next move after going public. Reformation raises 211 million in its Initial Public Offering. Investors are dissecting Wednesday s policy decision from the Federal Reserve and parsing through fresh earnings data.

DXC Announces Leadership Appointments to Accelerate Its AI-Centric Future
news
Jul 30, 2026 1 min

DXC Announces Leadership Appointments to Accelerate Its AI-Centric Future

Paul Taylor named President of DXC; Dan Gray to lead Global Infrastructure Services ASHBURN, Va. , July 30, 2026 -- DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced a series of leadership appointments effective immediately that position the next generation of AI-centric leadership at the forefront of the company and further streamline the organization for customers, partners, and employees. Paul Taylor has been named President of DXC Technology, assuming the role from Raul Fernandez, who continues as Chief Executive Officer. In addition, Dan Gray has been appointed President of Global Infrastructure Services (GIS). Ramnath Venkataraman, President of Consulting & Engineering Services (CES), and Ray August, President of Insurance Software & Business Process Services (ISB), will continue to lead their businesses, with all three offering presidents reporting to Taylor. Chris Drumgoole, currently President of GIS, will depart DXC to take on an elevated leadership role outside the company and will join as a founding member of DXC s newly formed CEO Advisory Council.

How Dubai Successfully Turned the Summer Break into a Platform for Prevention and Positive Youth Development
news
Jul 30, 2026 1 min

How Dubai Successfully Turned the Summer Break into a Platform for Prevention and Positive Youth Development

DUBAI, UAE , July 30, 2026 -- Rather than viewing the summer break as time away from learning, Dubai has turned it into an opportunity to strengthen prevention, discipline, safety awareness and positive values among young people through Dubai Police s Hemaya International Centre. This year, the centre s Summer Student Programme graduated 1,402 students from 31 nationalities, bringing the total number of graduates since 2018 to 10,792 students representing 175 nationalities.

WEKA and Andromeda Partner to Power AI Workloads at Global Scale
news
Jul 30, 2026 1 min

WEKA and Andromeda Partner to Power AI Workloads at Global Scale

Partnership delivers consistent, high-performance AI storage across Andromeda s global provider network, lowering the total cost of innovation for AI teams CAMPBELL, Calif. , July 30, 2026 -- WEKA , the AI data and memory infrastructure company, today announced that Andromeda , the platform connecting AI teams with high-performance compute, is integrating the WEKA NeuralMesh platform as a core AI data storage layer for managed GPU clusters. Andromeda s customers can now access a dedicated NeuralMesh or a GPU-native WEKA NeuralMesh Axon deployment to achieve consistent storage performance across any cluster running on any hyperscaler or AI cloud.