Daikin India aims to be a Rs 5,000-crore firm in FY20, looks for 20 pc growth

Aircondition maker Daikin India is aiming to be a Rs 5,000-crore company this fiscal with around 20 per cent growth in sales, helped by rising demand of power-efficient inverter ACs and expansion of sales network, said a top company official.

The company is also expecting to have around 18 to 19 per cent market share of the residential AC market.

Besides, Daikin India, which is currently exporting to African and neighbouring South Asian markets, expects volume of shipping to its overseas markets to go up, helped by expansion in its production capacity.

"We are looking at a turnover of Rs 5,000 crore in 2019-20," Daikin India Managing Director and Chief Executive Officer Kanwaljeet Jawa told PTI.

He further said, "Daikin is gearing up sell 10 lakh room AC units and we want to increase our market share to 18-19 per cent."
"As pioneers of Inverters across the globe, we are confident that the inverterisation in the Indian market will lead the way for Daikin dominance in the product category," he said