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Johnson Lifts plans Rs 300-cr R&D investment, eyes growth in residential elevator segment

Wednesday, 30 Jul 2025
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Johnson Lifts is set to invest Rs 300 crore in R&D over the next two to three years to enhance product innovation, including high-speed lifts (up to 4 m/s), compliant with IS 17900 standards.

With four manufacturing plants in Poonamallee, Oragadam, Sengadu, and Nagpur, Johnson offers strong scalability and regional presence. It recently completed a Rs 54 crore expansion in Nagpur and opened a new office in Noida, while Rs 250 crore will be invested to upgrade its Sengadu R&D facility. The company also launched Eazy Ride Plus, a premium residential lift for existing homes, targeting India's fast-growing retrofit market, which accounts for 80 percent of demand. 

India’s elevators and escalators industry is valued at around Rs 15,000 crore, with the residential segment projected to grow at 10–12 percent annually over the next five years, according to V Jagannathan, Managing Director and CEO of Johnson Lifts. The commercial segment is expected to grow even faster, contributing significantly to overall industry expansion.

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