Hitachi, Ltd. (TSE: 6501 / “Hitachi”) announced that Hitachi Building Systems Co., Ltd.(“Hitachi Building Systems”) and Hitachi Lift India Pvt. Ltd. (“Hitachi Lift India”) which is in charge of sales, installation and maintenance service of elevators and escalators in India have signed contracts with Embassy Group for supplying 49 elevators and escalators to Embassy Manyata, which is the biggest office park including hotels and convention centre, to be constructed in Bengaluru.
In Embassy Manyata, two office blocks, two international-hotels and convention centres are to be constructed. The project is slated to be completed by FY2022. Hitachi Building Systems and Hitachi Lift India will deliver 22 elevators for the office blocks, 13 elevators to the two hotels, and ten elevators and four escalators to convention centres.
The new installation market for elevators and escalators in India exceeds 50,000 units per year, making it the world’s second largest market, with a strong potential for continued growth. In January 2008, Hitachi established Hitachi Lift India and installed a large number of elevators and escalators at luxury apartments, hotels and office buildings, primarily in major cities such as Delhi NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad and Ahmedabad.
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