StockWatch
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Industrial Products
Expansion1 Jun 2026, 03:31 pm

Ricardo Elevators Eyes 40 Customer Touchpoints by 2026

AI Summary

L. T. Elevator Ltd announces Ricardo Elevators' expansion plans, targeting 40 customer touchpoints by the end of 2026. This includes new Experience Centres in Lucknow and Jammu, regulatory approval in Australia, and expansion across Malaysia. Ricardo Elevators aims to broaden its presence in both domestic and international markets, leveraging experience centers and country partnerships to enhance customer engagement and drive revenue growth. The company has 21 operational experience centers across India, with 3 more in the pipeline.

Key Highlights

  • Ricardo Elevators targets 40 customer touchpoints by December 2026.
  • New experience centers opened in Lucknow and Jammu.
  • Received regulatory approval for elevator operations in Australia.
  • Exports to Malaysia have commenced with confirmed orders.
  • Actively seeking country partners in Dubai, Oman, Thailand, and Indonesia.