Daikin to set up air-con R&D centre in India
Daikin Air-con India to set up R&D centre, boosts product range
Daikin Air-conditioning India, a 100% subsidiary of Daikin Industries Ltd. Japan, is looking at setting up a R&D centre in India to develop products tailored for emerging markets, under its upcoming five-year business plan.
The company also has plans to expand its national dealership network in India to 1,000 from the current 600, and also to develop 200 Daikin solution plazas across the country over the next 12 months.
This year the company is targeting to sell nearly 120,000 units in the domestic market. Meanwhile, Daikin launched an innovative range of 20 new products across residential, light commercial and commercial segments. The company claims the newly-launched products offer lower cost of ownership, unmatched quality and durability.
Daikin Air-conditioning India MD Kanwal Jeet Jawa said: “I am extremely delighted to launch the fresh range of diverse products. At Daikin India, innovation is an everyday mission. This year we are taking yet another bold step by upgrading the star label of complete FTE series to three-star, and the FTG series to a five-star rating.”
India’s air-con market is expected to grow at 20% to 25%. Daikin, India’s number one VRV (variable refrigerant volume) brand, aims at increasing its market share by 15% over the next three years. The company expects to attain a 15% market share in chillers, while becoming the leading HVAC player in India.