Archive · 13 Nov 2025
Otis India Doubles New Equipment Orders, Expands Bengaluru Facility
Otis India, a company that makes elevators and escalators, has had a great few years!
They've doubled the number of new elevator and escalator orders they've received over the last three years.
Their factory in Bengaluru, India, which builds these machines, has also gotten bigger by 20%.
This means they can make more products to meet the demand.
India is becoming a very important place for Otis, and their factory there is one of the main places in the world where they build escalators.
They've also created many new products to sell both in India and in other countries.
This growth shows that people are building more and need more elevators and escalators.
Otis India has doubled its new equipment orders in the past three years.
The company's Bengaluru facility has expanded its capacity by 20% in 2024.
India is recognized as Otis's fastest-growing market among large economies.
Otis India's revenue saw a 14% rise in the latest fiscal, with all business segments showing double-digit growth.
The Bengaluru facility serves over 90% of local demand and acts as an export hub for Southeast Asia and the Middle East.
- Who
- Otis India, the Indian arm of Otis Worldwide
- What
- Doubled new equipment orders in the past three years and expanded its Bengaluru manufacturing facility by 20%
- When
- Over the past three years, with facility expansion in 2024 and revenue reported in the latest fiscal.
- Where
- India, with a significant focus on its Bengaluru facility which also serves Southeast Asia and the Middle East.
- Why
- Driven by strong demand in the Indian market, which is Otis's fastest-growing among large economies, and a broad-based recovery in real estate and infrastructure.
- Company
- Otis India
- Key Growth Metric
- Doubled new equipment orders in three years
- Manufacturing Hubs
- One of two global escalator manufacturing hubs (alongside China)
- Bengaluru Facility Expansion
- 20% capacity expansion in 2024
- Product Launches
- Over 25 products launched by Lead Design Centre
- Cities Served
- Over 800 cities in India