# Daikin invests ₹1,400 crore in Indian subsidiary for expansion

Daikin Industries invested ₹1,400 crore into its Indian subsidiary Daikin Airconditioning India to fund the phase-two expansion of its Sri City plant in Andhra Pradesh, aiming to increase localisation of AC components to 90%.

- Type: Investment
- Announced: 2024-09-19
- Where: Sri City, Andhra Pradesh, India
- Value: $168.0M (14.0B INR)
- Status: announced
- Products: air conditioners, AC compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Airconditioning India](https://endata.com/companies/31733.md)
- [Daikin Industries](https://endata.com/companies/6523.md) (investor)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/cons-products/durables/japans-daikin-invests-1-400-crore-in-india-unit-to-boost-output/articleshow/113500679.cms), 2024-09-19: "The fresh infusion of funds aims at funding our manufacturing expansion, as we are the largest participant for the production-linked incentive (PLI) scheme in AC 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.