- Daikin Industries plans to make India its biggest manufacturing hub for exports, targeting a near tripling of Made in India products sent abroad by 2025.
- European efforts to reduce dependence on Russian energy and stricter environmental regulations have presented an opportunity for Daikin to expand sales of energy-efficient heating products such as heat pumps.
- Daikin is considering producing heat pumps in India to meet the growing demand for the product.
- Daikin will also aim to export Made in India air-con products to 100 markets in 2025, up from 30 in 2021.
- Daikin has forecasted a record operating profit for the second straight year, with profit expected to rise 18% to ¥372bn in its year to March.
Japan’s Daikin targets India as air-con and heat-pump manufacturing hub
World’s largest air-conditioner maker sees huge export potential and untapped domestic demand for cooling systems
Eri Sugiura
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