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Mitsubishi Electric to Launch NEXIEZ-LITE Elevators in IndiaTOKYO --(Business Wire)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today the Indian-market launch of NEXIEZ-LITE, a new lineup in the company's NEXIEZ global series of elevators, for low- and mid-rise residential and office buildings beginning April 14. Annual sales of 1,000 units are targeted by 2016. Main Features Standardized functions and specifications for India
Energy savings
* Mitsubishi Emergency Landing Device (MELD)
** Multi-beam Door Sensor
*** Car designs
Background In India, where the demand for low- and mid-rise residential and office buildings is increasing in line with economic growth and rapidly urbanizing cities, the demand for elevators and escalators has been expanding, especially for low-price, safe and comfortable models. Mitsubishi Electric (News - Alert) Corporation established Mitsubishi Elevator ETA India Pvt. Ltd. to develop and market elevators and escalators in India in August 2012. The company is now focusing on rapid development of innovative products suited to the needs of Indian customers. Mitsubishi Elevator ETA India will soon launch a lineup of elevators that deliver basic features carefully selected from the platform designs of Mitsubishi Electric's NEXIEZ global series of elevators. By shortening lead-time and reducing costs with these new elevators, the company is confident that it will be able to expand sales in the Indian market. About Mitsubishi Electric Corporation With over 90 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Embracing the spirit of its corporate statement, Changes for the Better, and its environmental statement, Eco Changes, Mitsubishi Electric endeavors to be a global, leading green company, enriching society with technology. The company recorded consolidated group sales of 3,567.1 billion yen (US$ 37.9 billion*) in the fiscal year ended March 31, 2013. For more information visit http://www.MitsubishiElectric.com *At an exchange rate of 94 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2013
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