Daikin India eyes 25% growth in turnover this fiscal

Daikin Airconditioning India is looking at a 25 per cent growth in its business in the current financial year.
The company had registered a turnover of Rs 2,200 crore in the last fiscal and is eyeing at least 25 per cent growth in the current financial year, Daikin India Vice President (Residential air-conditioners) Rajesh Jain said.
"With anticipation of rising economic activities in the domestic market, we are expecting a 15-20 per cent growth in room (residential) air-conditioner business," Jain said.
At present, Daikin has 15 per cent market share in room air-conditioner segment in the domestic market, he claimed.

Terming Madhya Pradesh as the 'growing market' in the air condition segment, Jain said the company had done a business of Rs 50 crore in the state last fiscal and is aiming at a turnover of Rs 75 crore in 2014-15.
He also added that Daikin India is working on capacity expansion plan for its only plant located in Neemrana, Rajasthan.
Daikin Airconditioning India is a 100 per cent subsidiary of Daikin Industries Ltd, Japan.