Latest news with #DaikinIndia
News18
17-07-2025
- Business
- News18
Daikin India looks to expand in North markets, opens new office in Chandigarh
Chandigarh, Jul 17 (PTI) Daikin Airconditioning India on Thursday inaugurated its new office in Chandigarh, and said it plans to accelerate expansion in Punjab and Haryana to increase market presence. The company's chairman and managing director Kanwal Jeet Jawa said Daikin has invested around Rs 2,800 crore in India. 'With India experiencing strong and sustained growth, we are poised to accelerate our expansion across Punjab, Chandigrh, Jammu and Haryana, adopting a more aggressive approach to strengthen our market presence," Jawa said. The company has come a long way when it sold 30,000 room air-conditioners in 2010 to crossing 2 million room ACs last year. The company's new office here will house departments such as all product sales, service, technical support and other support functions that will act as an enabler for both channel partners and customers, the company officials said here. Kuldeepak Virmani, Senior Vice President and Executive Director, Daikin India, said in the current quarter, the company has sold roughly 6.25 lakh units. The full year target is 2.5 million (25 lakh) units, he added. Daikin is also setting standards in energy efficiency, Jawa told reporters here. 'With India demonstrating a robust upward growth and business trajectory, we have plans to get aggressive in our approach across Punjab and Haryana and the new office is a key step towards strengthening Daikin's endeavour to capture significant market share. '… Daikin takes a major step forward in strengthening its leadership in the industry, catering to the growing demand for cutting-edge, eco-friendly air-conditioning solutions," Jawa said. 'More than just increasing capacity, our investment reflects our long-term vision–to drive excellence, foster strategic partnerships, and contribute to India's evolving industrial landscape, ensuring shared success for all stakeholders," he said. Jawa said, 'We are the largest investor in the country, as far as air-conditioning is concerned. We have three Research and Development Centres". Daikin India, a subsidiary of Japan's Daikin Industries, a global leader in the manufacturing of commercial-use and residential air conditioning systems, already has an AI-IOT centre at Hyderabad, which is a global centre. Daikin India recently inaugurated its third R&D centre in India at Neemrana, Rajasthan. 'Our factories in India include air-handling units, for chillers, room air-conditioners. A year-and-a-half back, we expanded our activity into Sri City, Andhra Pradesh," he said. 'Be it government buildings, private sector buildings, top hotels, airports, we have done air-conditioning in them," he added. Jawa said the company has made investments worth Rs 2800 crore in India. 'We are also working on skill enhancement in a very big way," he said. PTI SUN MR view comments First Published: July 17, 2025, 21:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
10-07-2025
- Business
- Time of India
Out with the old, in with the cool new AC: Govt working on scheme to replace units that are over 10 yrs old with fresh
The power ministry is devising a plan to encourage consumers to replace old, energy-inefficient air conditioners with new five-star rated models by offering them at discounted prices. This initiative involves scrapping old ACs through authorized e-waste partners for discounts on new purchases via electricity distributors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kolkata: The power ministry is working on a plan to push customers to replace air-conditioners that are over 10 years old with new five-star energy efficiency rated ones by offering them at below-market prices, two people aware of the plans told of the proposals under evaluation allows customers to scrap old ACs with authorised e-waste partners appointed by manufacturers or the government, and receive a discount on new units purchased through their electricity distributor (discom).The lower price would be made possible through bulk procurement and competitive bidding, following a model similar to the Ujala scheme , under which 368.7 million LED bulbs have been distributed through discoms over the past decade, the people option being considered is to have manufacturers offer higher scrappage value for old ACs , and compensate them through either a government incentive or energy credit from discoms that would be adjusted against electricity bills. Consumers could then buy new ACs at market rates from retail power minister Manohar Lal last week met leaders of large AC manufacturers including Blue Star managing director B Thiagarajan, Daikin India MD KJ Jawa, and Voltas MD-designate Mukundan Menon, to discuss the matter, people cited above power ministry has formed an internal committee to deliberate and finalise the norms, they confirmed the meeting with the minister but did not share further said there are about 50 million 10-years-or-older AC units in the country."Consumers typically shift their old ACs to another room or sell to a shop in exchange, which are then reused," Thiagarajan told ET. "Hence, the best way is to scrap them and consumers buying the latest and most energy efficient 5-star ACs."Meanwhile, the Bureau of Energy Efficiency (BEE), which mandates energy norms for electrical appliances, is planning to revise energy efficiency norms of ACs every two years, down from 3-4 years at present, people cited above next rating tightening is planned in 2026 and another one in 2028. The last revision was undertaken in July 2022.A large section of the industry, however, is against such frequent rating changes as it involves incremental cost of research."The industry has to invest around '400 crore for each rating change, which becomes difficult to recover if there are frequent changes," an industry executive said on condition of rating change should be considered only if there is significant technology change and not every two years, the person said every rating change will improve the energy efficiency of the AC by around 10% while also pushing up prices by 5-7%.It's estimated the installed base of ACs will grow 3-4 times by 2030, which will increase energy consumption by 300-400%, he said."Frequent rating changes need inventory planning and supply chain management. What we need is a breakthrough technology in AC to make them really energy efficient like EVs in automobiles and LED in lighting," Thiagarajan said.
