GST rate relief proposed for ACs, TVs, dishwashers The government has proposed slashing GST on air conditioners, TVs above 32 inches, and dishwashers to 18% from 28%. The… September 2, 2025 21:10 IST
‘By 2030, India will be our biggest manufacturing hub’: KJ Jawa Japanese air conditioning giant Daikin plans to double its India manufacturing capacity by 2030, positioning the country as its largest… Updated: June 10, 2025 17:11 IST
‘Fleecing’: LG and Samsung sue govt over e-waste policy LG and Samsung have sued the Indian government over its e-waste policy, calling new recycling floor prices excessive. The companies… April 21, 2025 19:33 IST
AC makers may struggle to meet peak summer demand again Currently, there are four major compressor manufacturers in India — China’s GMCC, LG Electronics, Highly India, and Daikin. February 18, 2025 01:30 IST
Daikin India, Rechi Precision form JV to manufacture AC compressors in India Daikin Industries, which has infused ₹1,400 crore into its Indian arm this year, is targeting a localisation rate of over… December 18, 2024 05:00 IST
Daikin India to invest Rs 500 crore to set up third R&D centre “The R&D centre will look at building products that not just suit Indian consumers but will also focus on creating… August 18, 2022 00:15 IST
Daikin India targets 25% market share in split room AC category by FY25 During the last financial year, the market size of split room ACs was around 6.2 million. June 20, 2022 06:00 IST
Daikin lays foundation stone of its upcoming third mfg facility at Sri City, Andhra Pradesh This new factory would be ready for commercial production in 2023, and would elevate Daikin India to become the largest… April 7, 2022 13:32 IST
Price hikes likely as input costs on the rise: AC makers eye double-digit sales growth this summer Daikin hiked prices in January as raw material prices went up, but added some new features to its products for… March 17, 2022 06:30 IST
Govt to reopen white goods PLI application window till April 25 The PLI scheme was first notified on April 16, 2021, and its guidelines were published on June 4. March 8, 2022 06:20 IST
Trump mulling blocking IT outsourcing, says Laura Loomer, pushes to ‘make call centres American again’
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