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OTIS ELEVATOR
Global Inc speaks out: Iran war hurt biz already bruised by tariffs, high costsInvestors and economists are watching to see whether companies can absorb the shock, or if prolonged uncertainty over energy, transport and...23 Apr, 2026, 12.07 AM IST- More stringent rules needed to make lifts safer in India: Otis CEOOtis is expanding its manufacturing capabilities in India. India is Otis's fastest-growing market. The company aims to meet the rising dema...11 Aug, 2025, 12.15 AM IST
- Elevator industry supports India’s urbanisation in a way that is smart, sustainable and scalable, says Otis India presidentIndia is the second-largest market for elevators and escalators globally and the Otis team in the country has doubled orders in the last tw...13 Nov, 2024, 08.00 AM IST
- Otis India expects increase in demand for elevators with revival of residential real estate“Elevator market in India is second largest after China and residential segment accounts for nearly 80% of Indian market. Elevator market i...09 Aug, 2021, 03.43 PM IST
- Otis to manufacture escalators in India from next year"We will start manufacturing escalators next year. It will be manufactured in our Bengaluru facility," Otis India President Sebi Joseph sai...01 Oct, 2017, 03.44 PM IST
- L&T Infotech 'actively' scouting for buys in analytics, consultingIPO comprises an offer-for-sale of up to 1.75 crore equity shares by L&T Ltd. It constitutes 10.3 per cent of the post offer paid-up equity...08 Jul, 2016, 01.00 AM IST
- Otis Elevator signs agreement with Mantri Developers“Mantri is a well-respected, future-focused developer and we are delighted with this agreement,” said Sebi Joseph, president, Otis India.18 Feb, 2016, 02.47 PM IST
- Make In India: Otis to build escalators and customised elevators in IndiaThe company already builds elevators in India in Bengaluru and has doubled its capacity in 2015 by spending Rs 100 crore in the expansion.17 Feb, 2016, 02.21 AM IST
- World's biggest elevator market China is fallingSo when will demand bounce back? “It could be never,” Delpech said. “We will have to adjust the output of the factories to the market."01 Dec, 2015, 04.00 AM IST
- Otis elevators maker UTC upbeat on India pickup, to offer localised productsUTC has a turnover of $1 billion in India and aims to increase it driven by the recovery seen in sectors like health care, hospitality, and...29 Jun, 2015, 10.58 AM IST
- Otis plans smart elevators that know where you want to goThe ubiquitous elevator would soon be smart enough to know who you are and what floor you intend to go to without the need to press any but...12 Feb, 2015, 02.22 PM IST
- Levy sales tax only on ‘goods component’ in deal to install elevators: SCSC has clarified that installation of elevators is a ‘work contract’ and sales tax can be levied only on the goods component involved.12 May, 2014, 02.15 PM IST
- Otis gets Hyderabad metro contract for elevators, escalatorsHyderabad Metro Rail project said that Rs 400 crore worth contract of installing elevators and escalators has been awarded to OTIS.23 Apr, 2013, 06.01 PM IST
- Urban development lifts elevator businessElevator companies target higher production and revenue as orders swell with growth in real estate sector.12 Apr, 2012, 01.44 PM IST
- OTIS Elevators buyback deal: AAR denies capital gains tax exemptionThe transaction between the Indian company and OTIS Mauritius, according to The AAR, was designed to avoid tax in India.03 Apr, 2012, 08.27 AM IST
- Lift cos grab foreign investors’ attentionOne good deal has helped ’lift’ the spirits of elevator companies in Gujarat. Months after Otis Elevator Company, one of the world’s larges...30 Nov, 2006, 12.31 AM IST
- From helper to JV partnerFormer Otis employee forms JV with world’s biggest elevator maker.21 Sep, 2006, 03.23 AM IST
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