Daikin to Expand Air Conditioner Production in India

With rising temperatures and a growing middle class, Daikin aims to double sales and increase exports by 2025.

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.