# Danfoss plans ₹500 crore capex in India for localisation and capacity expansion

Danfoss plans to spend ₹500 crore over the next 12 to 20 months on localisation and capacity expansion across its six Indian factories, adding more than 500 people. The plan is part of its India growth strategy.

- Type: Investment
- Announced: 2024-03-25
- Where: India, India
- Value: $60.2M (5.00B INR)
- Jobs: 500
- Status: announced
- Capacity: expansion across six factories in India
- Products: energy-efficient components and drives
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Danfoss](https://endata.com/companies/1945.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/danfoss-plans-fresh-investment-of-500-cr-in-india-in-localisation-and-capacity-expansion/article67991034.ece), 2024-03-25: "We have planned a capex of ₹500 crore over the next 12-20 months, primarily in localisation and expansion of capacity across our six factories in India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.