Noel Tata announced at Voltas's annual general meeting that he will step down as chairman, with that meeting being his final AGM in the role.

Voltas plans to invest around Rs 200 crore during FY27 and is assessing in-house compressor manufacturing to strengthen backward integration, according to Chairman Noel Tata at the AGM.

FläktGroup announced Project GAGAN, a new production facility in Pune, Maharashtra, with an investment of €5.7 million. Once fully ramped up, the plant will make up to 6,500 units a year, including air handling units, fan wall units, CRAH/CRAC units, coolant distribution units and coils.

Nidec Global Appliance has entered a major construction phase for its compressor plant in Chhatrapati Sambhaji Nagar, Maharashtra, with commercial production scheduled for the final quarter of 2026.

Danfoss plans to invest ₹1,500 crore in India by 2030 to increase local production, expand capacity and roll out new technology. The focus includes local compressor production for data-center cooling.

Copeland India has completed Phase I of its Rs 500 crore expansion at its Atit plant near Pune, Maharashtra. The phase localises scroll hermetic compressor manufacturing, with production of 5 HP scroll compressors started.

Rechi India, a joint venture of Daikin Air-conditioning India and Taiwan's Rechi Precision, has started construction of a rotary compressor plant in Sri City, India, on 33.10 acres. Phase I involves an investment of Rs 547 crore, with capacity rising from 2 million to 9 million units in the final phase.

Copeland completed the first phase of its INR 500 crore expansion at its Atit plant near Pune, India, rolling out its first locally made 5 HP scroll compressors. The expansion makes Copeland the only domestic producer of these hermetic scroll compressors.

Virtuoso Optoelectronics, through subsidiary Virtuoso Compressors, inaugurated a reciprocating compressor manufacturing plant in Nashik, Maharashtra, with annual capacity of 2.8 million units. The plant was developed with technical support from Huayi Compressor and other partners.

Ingersoll Rand (India) inaugurated a new Rs 170-crore manufacturing facility in Sanand, Gujarat, making centrifugal and reciprocating compressors, refrigeration dryers and nitrogen generators, with initial capacity of 24,000 units per year.

Nidec affiliate Embraco announced a compressor manufacturing facility in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, with over $120 million investment, 6 million units annual capacity and 750 to 1,000 jobs, with operations starting in the second half of 2026.

Embraco, part of Nidec Global Appliance, announced a new compressor factory in Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra, with 6 million units annual capacity and total investment above $120 million. Operations are set to start in the second half of 2026 and create 750 to 1,000 direct jobs.

Embraco, part of Nidec Global Appliance, announced a 120 million INR (about $12 crore) investment to build a 55,000 square metre compressor and inverter plant in Chhatrapati Sambhajinagar, India, expected to be operational by late 2026.

Nidec will invest $120 million in a new 55,000 square metre factory in Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra, to make Embraco refrigeration compressors and inverters. Operations are planned to start in the second half of 2026 and create 750 to 1,000 direct jobs.

PG Electroplast is setting up an air conditioning compressor manufacturing plant in Greater Noida, Uttar Pradesh, with estimated value of Rs 350 crore and production scheduled to begin in the second half of 2026. Half of output will serve its own AC units.

PG Electroplast will build an air conditioning compressor manufacturing plant with a capital expenditure of Rs 350 crore. Half of production will supply its in-house AC units and the rest will be sold to external customers, with production slated to begin in H2 2026.

Munters has inaugurated its second manufacturing unit in Malur, Karnataka, to produce localized dehumidification and air handling unit solutions for India and the Asia Pacific region. The article is dated January 8, 2025 and the opening was described as recent.

Copeland announced a ₹500 crore (US$60 million) investment in India to expand its Atit, Maharashtra manufacturing facility and build a new 15,000 square meter global R&D center in Pune. The Pune plant will grow by 7,350 square meters over five years, adding scroll compressor capacity.

Copeland announced a ₹500 crore (US$60 million) investment in India to expand its Atit, Maharashtra manufacturing facility, add a scroll compressor line, and build a 15,000 sq m R&D centre in Pune.

Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.

Munters has signed an agreement to acquire ZECO Aircon Limited, an Indian air treatment manufacturer headquartered in Gurgaon, for an estimated enterprise value of MSEK 790. The deal is expected to close before year-end and will be financed through existing credit facilities.

Mitsubishi Electric India signed an MoU with the Tamil Nadu government for a Rs 1,891 crore air-conditioner and compressor factory in Peruvoyal Village, Thiruvallur District, on a 52-acre site. The plant is targeted to start production in October 2025 and create more than 2,000 jobs.

LG Electronics India has begun manufacturing dual inverter air-conditioner compressors at its Greater Noida facility. The company invested about 100 crore rupees to build capacity of one million units a year.

Hintastica, a 50-50 joint venture of Hindware Home Innovation and Groupe Atlantic, inaugurated a geyser plant in Jadcherla with a Rs 210 crore investment and 500 planned jobs. A further Rs 100-150 crore expansion is planned to lift capacity by at least 50%.

Voltas proposed a Rs 500 crore compressor plant in partnership with China's Highly International, which has not yet received government clearance. The article is dated 1 January 2023.

Voltas will invest over Rs 1,000 crore (about USD 121 million) to expand its manufacturing capacity, including a new plant near Chennai, India. The article is dated 1 January 2023.

Voltas plans a Rs 500 crore compressor plant near Chennai as a joint venture with Highly International, pending government clearance; the JV will also sell to other brands and export.

Voltas will invest over Rs 1,000 crore to expand manufacturing capacity, including a new plant near Chennai on 150 acres, plus Rs 200 crore each for Baroda and Sanand and Rs 100 crore for Pantnagar.

Voltas plans a Rs 500 crore compressor plant near Chennai as a joint venture with China's Highly International, which is awaiting government clearance under Press Note 3 and PLI approvals.

Voltas plans over Rs 1,000 crore of investment in manufacturing capacity, including a new plant near Chennai, Tamil Nadu, plus additional spending in Baroda, Pantnagar and Sanand.

Voltas Ltd executed a joint venture agreement on April 30, 2022 with Highly International (Hong Kong) to manufacture inverter compressors, motors and parts in India. Highly International will hold 60 percent, and the JV will have Rs 250 crore of equity capital. Completion is subject to approvals including Press Note 3 clearance.

Daikin Air-conditioning India, a subsidiary of Daikin Industries, held a foundation laying ceremony on 7 April 2022 to start construction of its third manufacturing unit in India at Sri City. The factory is part of Daikin's Fusion 2025 growth strategy.

Samsung Electronics plans a 15.88 billion rupee (about $207.8 million) refrigerator parts plant in Sriperumbudur near Chennai, Tamil Nadu, under an MoU signed with the state government, with capacity of at least 8 million compressor units annually.

Samsung will set up a compressor plant at an outlay of Rs 1,588 crore on 22 acres near Chennai, with capacity of eight million units a year. The compressors will supply Samsung refrigerators and exports. Samsung India signed an MoU with the Tamil Nadu government.

Daikin Air-conditioning India, a subsidiary of Daikin Industries, signed a land deal for a third factory with an investment of INR 1000 crore. The article mainly covers a new split AC range and the investment figure is reported in the headline.

Godrej Appliances will invest INR 100 Cr in its Shirwal and Mohali manufacturing units by 2025 to raise air conditioner production capacity to 8 lakh units. The brand also launched a new range of 100% Made in India ACs using R290 and R32 refrigerants.

PG Electroplast announced a Rs 100 crore investment over two years to expand its Ahmednagar plant in Maharashtra, creating over 600 local jobs and lifting AC indoor unit capacity to over 1.5 million and outdoor unit capacity to over 1 million.

Blue Star Ltd won an order worth Rs 128 crore from Wistron Infocomm for MEP works in the Phase II expansion of Wistron's factory at Kolar, Bengaluru, including a 4000 ton HVAC system and electrical works.

Haier broke ground on an expansion of its Ranjangaon, Pune factory, backed by a Rs 490 crore investment, to add production of new appliance lines and raise the workforce from 1,100 to 2,900.

T/CCI Manufacturing opened a 16,000 square-foot facility in Noida, India, to manufacture and distribute 5H and 7H wobble plate compressors for heavy-duty truck, construction and bus markets. The first year target is 50,000 units, rising to 300,000 by 2021.

Thermax opened a new manufacturing unit at Sri City, Andhra Pradesh, built with an investment of INR 166 crore. Phase 1 capacity is 400 machines a year, with initial staff of 60 rising to over 300.

Guangdong Meizhi Compressor (GMCC), a Midea Group company, is setting up its first compressor manufacturing facility outside China at Supa Parner Technology Park in Maharashtra. Midea plans about INR 1,350 crore of investment there and expects operations to begin in 2020.

Chinese appliance maker Midea plans to invest Rs 800 crore in a 43-acre manufacturing facility in Pune producing refrigerators, washing machines and water appliances, employing 500 people and expected operational by end-2018.