# Johnson Lifts raises stake to over 80% in Toshiba JV, aiming to strengthen its position in India's premium elevator and escalator market.

*business · news · 2026-04-27 · Business Standard*

## Key points

- Johnson Lifts now holds over 80% of Toshiba Johnson Elevators India, becoming majority shareholder.
- The newly restructured company will take over all business responsibilities previously managed by TJEI.
- JLPL–TJEI now represents 20% of India's elevator market and 30% of the escalator market.
- TJEI will remain the exclusive Indian partner for Toshiba-branded elevators and escalators, with TELC providing technical support.

**Companies:** Johnson Lifts, Toshiba Johnson Elevators (India)
**Countries:** India, Japan

[Read the full story on Business Standard](https://www.business-standard.com/companies/news/johnson-lifts-acquires-majority-stake-in-toshiba-jv-boosts-india-presence-126042700895_1.html)

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