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Home Investment

Cibes Lift focuses on $4trn Indian consumer spending by 2025

Fiinews by Fiinews
March 31, 2021
in Investment, Manufacturing, Technology
Reading Time: 2 mins read
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Showrooms being planned across India

The Swedish home elevator manufacturer, Cibes Lift Group is in talks to open more showrooms across India, having already opened offices in Gurugram, Mumbai as well as Bengaluru, and citing the country’s rising household incomes that are expected to increase consumer spending to US$4 trillion by 2025.

“Indian customers are sophisticated, demanding, and have the knowledge of what quality stands for – more so than anywhere else in the world – and that makes Cibes a perfect fit because of the level of quality, design, and service that we provide. We are fully-focused on the Indian market and expect to expand aggressively over the next few years,” Kevin Der Arslanian, Country Manager, Cibes India, said on 31 Mar 2021.

“Being said that, India’s economy is ready for a brisk change. Consumer spending in India is growing at 12% a year. India’s robust economic growth and rising household incomes are expected to increase consumer spending to US$4 trillion by 2025.”

“Cibes Lift promises to deliver ‘From Our Swedish Factory to Your Doorstep’,” he assured.

Cibes Lift had initiated a direct sales model in Asia, back in 2012, for addressing the requirements and demands of clients in the region. It has more than 20 direct subsidiaries in Europe, Asia, and America. The Asian market alone makes up to 20% of the group sales globally and the market is growing rapidly.

The Cibes Product Benefits:

• No Pit, No Shaft Needed.
• Full Customization With Luxurious Interiors
• European Safety Standards.
• No Machine Room
• Patented Screw & Nut Drive system
• Glass On All Sides For A 360 Degree Panoramic View
• Free Standing, Easy To Fit Everywhere
• Indoor or Outdoor, All-Weather Application
• Fast Installation Without Major Structural Alterations
• ‘A’ rated Energy Consumption. Single or Three Phase Connection.
• Top Quality Made In Sweden, Factory-Direct

The product development, manufacturing, and testing take place in the factory in Gävle, Sweden, to secure quality at all levels. Cibes Lift includes smart packaging solutions to facilitate logistics and installation, according to India’s zonal manager Arslanian, who talks about a future expansion possibility adding that this technology can be the next big thing.

The Cibes Lift Group, headquarter in Gävle Sweden, has roots that go back to 1947. A civil engineer named Bertil Svedberg (Civil engineer Bertil Svedberg = Cibes) started manufacturing freight lifts. Production numbers were small, about 30 a year, so during the 1960s focus was instead turned on simple lifts for home modifications for people with disabilities.

Developments intensified in the 1970s when Cibes also started the production of screw-driven lifts. This screw drive technology, without hydraulics, has since become one of Cibes most important features and a significant factor for its success. Screw-driven low-speed lifts can be customized and installed without any major renovations. They are easy to use, reliable, and long-lasting. #investment #technology #manufacturing #economy /fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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