Danfoss India’s Major Move: Localization and Expansion in the Growing Market

Danfoss India is positioning itself among the top growth regions globally for the Danfoss Group, with plans to invest between Rs 1,000 to Rs 1,200 crore over the next three years. The company has achieved strong double-digit growth and aims to expand its presence significantly in India through localization and innovation.

Danfoss India is set to become one of the top three growth regions globally for the Danfoss Group, with a significant investment plan of Rs 1,000 to Rs 1,200 crore in the next three years. This announcement was made by Ravichandran Purushothaman, Danfoss India President, highlighting the company's focus on localization and capacity expansion.

The Indian subsidiary has surged into the top six in Danfoss' global rankings due to strong double-digit growth in 2024. The company's financial report revealed sales of Euro 9.87 billion and an EBITDA margin of 11.3%. Danfoss President and CEO Kim Fausing expressed excitement over their performance, particularly in data centers and marine electrification.

Looking ahead, Danfoss India plans to expand its channel business to 80 cities, enhance its local supplier ecosystem, and increase investments in collaboration with key stakeholders. The company's commitment to reducing carbon emissions and promoting energy efficiency aligns with India's sustainability goals, paving the way for sustainable growth.

(With inputs from agencies.)