Danfoss Aims to Double India Business by 2025
The Indian arm of Danish Climate & Energy Solutions major, Danfoss,aims to scale up its revenue to INR 5,000 croresby CY 2025.
November 17, 2022. By News Bureau
As a part of their 2025 growth strategy, Danfoss India plans to expand its geographic footprint in India from current 56 cities to 80+ cities, improve localization of all products from an average of 50% to 80-90%, and explore new hotspots where energy efficiency plays a significant role.
The company also has plans of introducing new innovative products focused on energy, food, health care, infrastructure, and mobility sectors.
At a recent media round table in Chennai, Danfoss Global President & CEO, Kim Fausing said, "Danfoss India is in the group’s top 10 markets in terms of sales and has the potential to be amongst the top five soon. We have a high growth momentum at Danfoss now. We have made significant investments in the recent past to the tune of €3.5 billion in acquiring companies to be aglobal technology leader providing solutions that improve energy efficiency and reduce emissions to meet our customers’increasing sustainable requirements.
Speaking on this occasion, Ravichandran Purushothaman, President - Danfoss India region said, "As a global organization serving the world's energy efficiency needs for over nine decades now, we at Danfoss are deeply committed to India's decarbonization and sustainability journey. Danfoss India is seeing a huge digital transformation since the last two years and to support the same, we have added over 1,400 engineers and made investments of over $300 million in India to capitalize on the rising green opportunities.”
"India is going through an unprecedented growth in every sector and we see huge opportunity in agriculture especially in tractors and data centers. Danfoss India is the second top market for us now in the Asia-Pacific region and we see increasing contributions from India in the coming years, thanks to its immense growth potential from Decarbonization, Digitalization & Electrification.” said Astrid Mozes, President -Developing Regions and Chairperson, India board.
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