Daikin Airconditioning India

Daikin Airconditioning India set up a manufacturing facility in Sri City, India, at a cost of ₹1,000 crore, expected to create 3,000 jobs in phases. The facility is part of a broader trend of HVAC majors investing in Sri City.

Daikin Airconditioning India Pvt Ltd will commission its third manufacturing unit in Sri City, Andhra Pradesh on November 23, 2023, with an investment of Rs 2,000 crore to produce 20 lakh air conditioners per annum.

Daikin India is planning to set up its third manufacturing plant in Sri City, Andhra Pradesh, with an investment of ₹1,000 million in the first phase. The plant will manufacture ACs and components, catering to domestic and international markets, and is expected to become operational by 2023.

Daikin Airconditioning India has acquired the air handling business of Ahmedabad-based Citizen Industries, a deal estimated at Rs 100-125 crore. The acquisition includes manufacturing units in Ahmedabad and Bengaluru and around 650 employees.

Daikin Airconditioning India is in the final stages of locking its third manufacturing facility in South India. The facility will serve growing local consumption and exports to SAARC countries, East Africa, and the Middle East.

Daikin Airconditioning India is planning to set up a greenfield manufacturing plant in either South India or the western region, with an investment of Rs. 500-600 crore, to serve as a hub for regional exports including Africa.