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Daikin Expands India Manufacturing Capacity as Room AC Demand Grows

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Sig1.80Sen+1.70Env0.00Soc+0.10Gov0.00

India’s room air conditioner market is shifting from luxury to a structurally significant consumer-durables category, though household penetration remains relatively low. Daikin’s Chairman and Managing Director Kanwaljeet Jawa said the company is expanding manufacturing capacity in India to capture long-term demand and expects commercial refrigeration could reach about ₹1,000 crore annually by 2030. Competition includes Voltas, with over 2 million AC units sold in FY24.

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