World's biggest air-conditioner maker Daikin doubles down on India

Daikin Industries Ltd is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth

Daikin Industries Ltd., the world’s largest manufacturer of air conditioners, is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth. 

“The market has a huge potential,” said Kanwal Jeet Jawa, chief executive officer of Daikin’s India operations. “We see India as a market, post-Covid recovery, as the best among all the other markets in the world.”

The goal is to more than double sales by 2025, after boosting revenue tenfold over the past decade, Jawa said. Just 5% of India’s homes and businesses have air conditioners,