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Japan-based AC maker Daikin expects to manufacture two million units in India and plans to explore more export opportunities by establishing India as its manufacturing base. According to Daikin Airconditioning India Chairman and Managing Director Kanwaljeet Jawa, the company has already sold 700,000 residential air conditioners (RAC) in the first three months of the year, driven by a scorching summer season. The company anticipates over 50% growth. Daikin has inaugurated its third manufacturing unit in India at Sri City, Andhra Pradesh, and is investing in compressor manufacturing. The company aims to produce five million units by 2030.
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Globally, India is the fastest growing market for air conditioners. By 2040, it is expected to cross China’s market size. Today, out of the 200 million units of air conditioners sold around the world, China’s market size will be around 80-90 million
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DO YOU KNOW...... Which is the world's largest smartphone factory? In July 2018, Samsung Inaugurated what it called the world's largest mobile factory in Noida... With this new facility, Samsung will double its current capacity for mobile phones i
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