-
The previously unreported standoff marks the latest chapter in foreign companies' battles with India over what some perceive as protectionist policies and shifting regulatory goal posts
-
The new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India’s manufacturing potential to produce for the world.
-
India's rampant pollution problem isn't getting any better but there are ways to circulate clean air through your home. Here are five air purifiers that promise to achieve just that
-
CCI found that LG was not a dominant player in the air conditioning technology market, as claimed by a Mumbai-based AC repair firm, with Daikin the firm leader since 2020
-
This new factory would be ready for commercial production in 2023, and would elevate Daikin India to become the largest manufacturer of Air-conditioners (ACs) in India, according to a company statement.
-
Daikin Air conditioning India, a wholly-owned subsidiary of Japan-based Daikin Industries, said the company is ready to take advantage of the – Phased Manufacturing Program (PMP), under which the government has announced incentives for manufactures to promote "Make in India".
-
The company is also expecting to have around 18 to 19 percent market share of the residential AC market.
-
Daikin, the world's largest maker of air-conditioning equipment, said it would buy all of unlisted AHT Cooling, a refrigerator maker for business use, from British investment firm Bridgepoint.
-
The company's market value now exceeds those of electronics conglomerates Panasonic Corp and Hitachi Ltd.
-
Institutional investors and shareholders of the company are also supporting Daikin's approach that supports boardroom diversity, imperative to operating global organisations in a border-less world.
-
With this, Daikin's 40-acre Neemrana facility in which the company has invested around Rs 2,000 crore so far has become India's biggest HVAC (Heating, ventilation, and air conditioning) manufacturing facility.
-
The company is in talks with Maharashtra, Andhra Pradesh and Telangana governments in this regard, however, any decision on setting up the third manufacturing unit is likely to be taken only after March 2018, Daikin Airconditioning India Managing Director Kanwal Jeet Jawa said here.
-
Enthused by early arrival of summer, Japanese airconditioner maker Daikin expects 18-20 percent growth in home AC sales this year and is also expanding its network, including in smaller cities.
-
The new unit will double the production of High Volt Air Conditioners from the present five lakh to one million, once it became operational by December 2017, he said, adding the total production in both the units will touch 1.5 lakh per year, as the company produced different types of ACs, both residential and commercial.
-
Foreign multinationals often provide their Indian subsidiaries technical assistance and allow them to use their trademarks and brand name.
-
Japanese air-conditioner maker Daikin is looking to increase its market share in India to 15% in the current fiscal by entering new markets and expansion in dealership network.
-
Japanese air-conditioner maker Daikin today said it will invest Rs 250 crore to increase AC production and enhance service network in India within a year as it looks to strengthen its position in the country.
-
Daikin Air-conditioning India has launched 20 new air-conditioner models, reports The Economic Times.
