Hitachi, Ltd. (TSE: 6501; referred to as Hitachi) announced today that it has successfully secured an order for 56 units of elevators and escalators from CRC Group for CRC The Flagship in Noida, Uttar Pradesh, India. Hitachi Building Systems Co., Ltd. (hereafter Hitachi Building Systems) and Hitachi Lift India Pvt. Ltd. (hereafter Hitachi Lift India), a subsidiary of Hitachi, Ltd. that operates sales, installation, and maintenance of elevators and escalators in India. One of the most prominent commercial developments in Noida is this one.

44 elevators total, including high-speed models with rated speeds of 180 or 150 m/min, 12 escalators, and an effective destination floor reservation system for allocating elevator cars, are included in the order. When an earthquake is detected, the elevator’s earthquake emergency operating mechanism immediately stops the ride on the nearest level, allowing passengers to exit without being trapped. Users are given comfort, security, and safety thanks to these characteristics.

Hitachi Lift India’s managing director, Masaya Sakakibara, said, “We are proud to be a part of this renowned project for the Noida area. Our goal is to employ our top-notch goods and services to support the growth of the city and the safe, secure, and enjoyable transit of all users. Our commitment to enhancing India’s society and its citizens’ well-being will not waver.

“Hitachi India Pvt. Ltd. (hereinafter Hitachi India)’s burgeoning partnership with India for over nine decades is growing at an unprecedented pace,” said Bharat Kaushal, Corporate Officer, Hitachi, Ltd., and Managing Director, Hitachi India. In addition to empowering its people, India is fast becoming one of the world’s most powerful economies by developing world-class infrastructure that will improve billions of people’s quality of life. Hitachi Lift India is a crucial partner in India’s transformative path, and CRC Group has played a significant role in fortifying the country’s robust infrastructure. We are ecstatic to be working with CRC Group, since this is a major step forward in our mission to improve India’s urban infrastructure.

In addition to demonstrating a strategic alignment between two elite institutions, our partnership highlights our common goal of innovation and quality in order to guarantee that India makes significant progress toward creating a sustainable society and establishing unmatched architectural standards. Hitachi India is launching an ambitious and forward-thinking vision for creating an ecosystem that further supports the goal of providing best-in-class technology for India and the world. We do this by offering a diverse range of solutions in areas such as urban mobility, energy, IT, payments, e-Education, and e-Healthcare. Our solutions are exemplary yet varied.

Hitachi Lift India hopes to strengthen its position in the luxury market and demonstrate its commitment to further business expansion in India by launching this project.

CRC: The Flagship Overview

CRC The Flagship is a 223,000-square-meter commercial center made up mostly of four buildings and a retail space. It provides retail stores, office spaces, and luxury service apartments with a range of amenities, including a putting course, an auditorium, and co-working spaces. The project achieves climate-friendly infrastructure with a pre-certified platinum certification by the Indian Green Building Council and has more than 20% vegetation over its whole area.

Situated on the Noida–Greater Noida Expressway, it takes around thirty-five minutes to get to Noida International Airport, which is now under construction and is expected to be one of India’s largest airports, replacing Indira Gandhi International Airport.

CRC Group Overview

In the Indian National Capital Region (NCR), CRC Group is a well-respected developer renowned for its high-end properties. The Group is committed to raising the bar in the real estate sector by bringing the best structures, which have always been and always will be flawless and exceptional.

India’s Hitachi Elevators and Escalators Business

In fiscal year 2023, India’s market for new elevator and escalator installations exceeded 67,000 units, making it the second biggest in the world. This market is projected to increase at a rate of 6-7% annually.

In January 2008, Hitachi launched Hitachi Lift India and started conducting full-scale business in the escalator and elevator industry. Since then, it has fulfilled several orders and worked on the installation and upkeep of its goods, which include high-speed elevators for opulent homes, hotels, and workplaces. All of India’s main cities, including Delhi NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and Ahmedabad, are presently served by Hitachi Lift India.

Summary of Ordered Elevator Specifications