Danfoss India

Danfoss aims to ramp up local manufacturing capabilities over next 5 yrs

Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeration sector continues to expand rapidly, Danfoss management's decision to support its customers through increased localisation and the addition of new product lines for compressors, heat exchangers, and controls will help bring world-class Danfoss solutions to the Indian market, the company said. "India is a key pillar in our global strategy, and we are committed to driving growth and sustainable innovation in the regio

Confident of doubling sales by 2025: Danfoss India Prez Ravichandran

Danfoss India, a leader in heating, ventilation and air-conditioning, is witnessing robust growth in the domestic market and is confident of doubling sales by 2025, a top official has said. The subsidiary of the Denmark-headquartered company said the Indian market is the fastest-growing region for the Danfoss Group with strong double digit growth in H1 driven by increasing opportunities in energy efficiency and electrification. Danfoss Group's sales amounted to Euro 5 billion and a half-year EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of EURO 533 million corresponding to an EBITDA margin of 10.6 per cent, as against 12.4 per cent last year. Driven by the rapid expansion of data centres and commercial buildings, Danfoss India is experiencing robust growth. The government's strong push towards de-carbonisation, coupled with initiatives like the Production-Linked Incentive (PLI) schemes, is further fuelling the growth momentum, Danfoss India said in a compan

Danfoss calls for means to help India get closer to net-zero ambitions

Climate change and rapid urbanization is likely to result in increased demand for food, water and energy, Ravichandran Purushothaman, President, Danfoss India has said. Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification. According to Purushothaman, India's cooling demand is expected to grow 10-fold by 2030 and it is imperative to meet the same through sustainable means to help the country get closer to its net-zero ambitions. "We are working towards bridging the tech and skill gap, helping farmers and businesses reduce food loss and improve food security in the Indian cold chain," Purushothaman said. With around 14 per cent of food worldwide lost due to a lack of effective refrigeration, enough to feed 1 billion people, Danfoss has called for more attention on the need to establish sustainable and energy-efficient cold chain infrastructure. When it comes to the Indian Cold Chain Infrastructure, a .

Danfoss to develop more 'Made in India' products to serve the local market

Danfoss India, subsidiary of Denmark-based Danfoss, has drawn up plans to increase manpower and develop more 'Made in India' products to serve the local market, a top official has said. Danfoss India, on Thursday, completed 25 years of its operations in the country and 90 years globally. In 2022, Danfoss India registered double-digit growths in all three segments -- Danfoss Power Solutions, Danfoss Power Electronics and Drives, along with Danfoss Climate Solutions. The Indian subsidiary was also growing at the highest rate among all the Danfoss groups at the global level and Danfoss India is seen as a priority market with high growth potential. "I am delighted to celebrate Danfoss' 25th anniversary in India which also coincides with our 90th anniversary worldwide. The many milestones we have achieved together with our partners and customers is a testimony of Danfoss' contribution to India's growth story,'' Danfoss A/S president and chief executive officer Kim Fausing said at the ..

Danfoss expects to double India business revenues by 2025: Official

Danfoss India, a leader in heating, ventilation and air-conditioning has set a target to more than double its India business revenues by focusing on its core business segments, the company said on Sunday. The company aims to garner revenues of Rs 5,000 crore by 2025 and as part of the growth strategy it has planned to strengthen its footprint across the country. For the calendar year 2022 the company expects to end with a revenue of more than Rs 2,000 crore. With a current presence of 56 cities, Danfoss India has envisioned to expand into over 80 plus cities, improve localisation of its products from an average of 50 per cent to 80-90 per cent. The company also has plans of introducing new innovative products focused on energy, food, health care, infrastructure and mobility sectors, the company said. "As a global organisation serving the world's energy efficiency needs for over nine decades now, we at Danfoss are deeply committed to India's de-carbonisation and sustainability ...

Danfoss invests Rs 118 cr to set up mobile hydraulics plant in Pune

The company's Indian subsidiary Danfoss Power Solutions will be manufacturing products like electronic controls, pumps and valves, motors, sensors and transmitters, among others in this facility

Danfoss India to double revenue in 5 yrs: Global president & CEO

The company has invested $110 million in India

Danfoss India to increase production in India

The company expects its India operations to cater to 40% of its sales in the country, up from 10% currently