# Danfoss India plans $50-60M capex for new products and expansion

Danfoss India has drawn up plans to invest $50-60 million in capex to make new products in India, including expanding manufacturing at its Chennai site where it has 50 acres of vacant land.

- Type: Investment
- Announced: 2023-09-16
- Where: Chennai, India, India
- Value: $55.0M
- Status: announced
- Products: energy efficiency solutions, new products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/city/hyderabad/danfoss-india-lines-up-60-million-capex-plan/articleshow/103702373.cms), 2023-09-16: "Danfoss India, which has six manufacturing facilities in locations such as Pune, Chennai, Mumbai, Vadodara and Bangalore, plans to expand its manufacturing in sites such as Chennai where it has a 50-acre parcel of land vacant."

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