INSUBCONTINENT EXCLUSIVE:
Temperatures across India have tested record levels this year, posing health risks, hurting agriculture and potentially weakening economic
agriculture and potentially weakening economic activity
The company sold about 700,000 units in the country in the first quarter through June, with sales up about 40 per cent year-on-year in
three plants in India where the residential air-conditioning market is expected to increase approximately three-fold to around 30 million
Daikin also plans to raise production in the country to meet its goal of exporting air conditioners to 100 countries throughout Africa, the
Middle East and South America by March 2026, he added.
Easier access to air conditioners through online shopping and paying in installments
is an additional factor driving growth
represent their main competitors in the residential segment.
In addition to air conditioning, Daikin plans to expand its commercial
refrigeration business in India to take advantage of the rising popularity of frozen food since the Covid-19 pandemic
Published: Sep 03 2024 | 8:29 AMIST
