# Daikin India and Rechi Precision form joint venture for compressors in India

Daikin Airconditioning India and Rechi Precision agreed to establish a joint venture in India to manufacture, design, and sell compressors for the Indian HVAC industry, with operations expected by end of FY2025.

- Type: Partnership
- Announced: 2024-12-17
- Where: India, India
- Status: announced
- Products: rotary compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Rechi Precision](https://endata.com/companies/14007.md) (partner)
- [Daikin Airconditioning India](https://endata.com/companies/31733.md) (partner)

## Sources

- [daikin.com](https://www.daikin.com/press/2024/20241217), 2024-12-17: "Daikin Airconditioning India Pvt. Ltd. and Rechi Precision Co., Ltd. have recently agreed to form a partnership and establish a joint venture in India to manufacture, design, and sell compressors to Indian HVAC industry."

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