Leading elevator manufacturer KONE India is targeting 5-6 per cent sales growth this year on the back of new products and likely revival in the property market.
KONE India, a subsidiary of the Euro 8.8 billion KONE Corporation of Finland, posted a muted growth of 3-4 per cent in 2016 as sales and new launches of real estate projects fell sharply following demonetisation in November.
“The elevator and escalator market in India is currently about 50,000 units per annum. Escalator market is very small.
Our market share was over 20 per cent in 2016,” KONE India Managing Director Amit Gossain told