# Daikin to build new plant in southern India

Daikin Industries has signed a memorandum of understanding to acquire an additional 33 acres to build a new plant near its current factory in southern India, expanding capacity to meet growing demand for air conditioners.

- Type: Expansion
- Announced: 2024-09-02
- Where: southern India, India
- Status: announced
- Products: air conditioners
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Industries](https://endata.com/companies/6523.md)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/worlds-no-1-air-conditioner-maker-expand-capacity-india), 2024-09-02: "The Japanese company has signed a memorandum of understanding to acquire an additional 33 acres (13.4 hectares) to build a new plant near its current factory in southern India."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/cons-products/electronics/daikin-ac-worlds-no-1-air-conditioner-maker-to-expand-capacity-in-india/articleshow/113009467.cms), 2024-09-03: "About 93% people in India still don’t own air conditioners and that’s the future market for us"

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