Overview

• Daikin Industries will acquire 33 acres near its current plant in southern India to build a new facility.
• India's air conditioner market is projected to grow significantly, with only 7% of the population currently owning units.
• Sales in India have surged by 40% year-on-year, with expectations to double by 2025.
• Daikin plans to export air conditioners to 100 countries from India by March 2026.
• The company also aims to expand its commercial refrigeration business in India, targeting 10 billion rupees in annual revenue by 2030.