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Danfoss India plans to accelerate localisation of HVACR compressors and controls
Industry News- Dec 03,24
The decision to invest in ramping up local manufacturing capabilities in India will help minimise the company’s dependency on imports for the Indian market.
Danfoss, a global leader in energy-efficient technologies, plans to progressively ramp up local manufacturing capabilities in India within the next five years. As the country's HVACR sector continues to expand rapidly, Danfoss management’s decision to support its customers through increased localisation and the addition of new production lines for HVACR compressors, heat exchangers & controls will help bring world-class Danfoss solutions to the Indian market at an accelerated pace.
The decision to invest in ramping up local manufacturing capabilities in India will help minimise the company’s dependency on imports for the Indian market. It will also lead to repeated efforts to build/strengthen the local supplier ecosystem, a prerequisite for meeting the increasing market demands for Danfoss’ solutions. It marks a major milestone in Danfoss' India manufacturing landscape, thus adding more sustainable, efficient, and affordable cooling solutions to its “Make in India” portfolio.
Kristian Strand, President, Danfoss Commercial Compressors, Denmark, emphasised, "India is a key pillar in our global strategy and has been for many years. We are committed to driving growth and sustainable innovation in the region, especially with a view to the fast-evolving market dynamics in the HVACR sector. Our focus on localising our compressors’ production, is not just about meeting local demand. It is also about helping to develop a local supplier ecosystem and investing long-term in India's future as a key player in our Global Climate Solutions operations. This strategic decision reaffirms our confidence in India’s capabilities and our dedication to contributing to Danfoss India’s growth and development."
Ravichandran Purushothaman, President, Danfoss India, expressed, "Danfoss commitment to India is unwavering and deeply rooted in our strong belief in the Danfoss India team’s solid potential as a manufacturing powerhouse for national and global markets. By nurturing indigenous talent & scaling up our local production capabilities for Air Conditioning and Refrigeration, we aim to deliver European-quality products & solutions more swiftly to the Indian market.”
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