German mobility solutions major Thyssenkrupp has opened its first elevator and escalators manufacturing facility in India, and the fourth globally.

The facility is spread over 20,000 sq mtr at Chakan in Pune and has a capacity of 6,000 units a year, which can be raised upto 10,000 units in the second phase. The second phase is expected to be completed in the next three years.

The facility also has an R&D centre and a training centre, and employs around 300 people.

The new plant, entailing an investment of Rs 360 crore, was built in 18 months. This is the third market after Germany and China, where the company has a manufacturing facility for elevators.

The plant in Pune will source all critical components from China. With the launch of the Pune facility, Thyssenkrupp will shift its assembly lines in Bhiwandi and Delhi to the new plant.