daikin

GST, ACs, TVs, dishwashers, industry, consumers, brands, retail

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

Daikin India Aims to Be Global Manufacturing Hub by 2030, Doubles AC Capacity. (Image Source: Facebook)

‘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

LG, Samsung, Daikin, Industry, Voltas, electronics, consumer electronics

‘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, Air Conditioner, industry, Bureau of Energy Efficiency, BEE, PLI, production-linked incentive

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

JV, Industry, AC, Air Conditioners, Daikin India, Daikin Industries, Rechi Precision, AC compressor

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

The centre will start operations in 2023, the company said.

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

According to B Thiagarajan, MD, Blue Star, compared with 2019 summer the residential AC industry would grow by 20% this summer due to pent-up demand and anticipated heatwave conditions.

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

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‘M&A financing nod a game-changer, to participate in big-ticket deals’

Business25 min ago

UCO Bank is committed to growth in southern and western India, with a focus on mid-corporate credit and wealth management. They have achieved steady progress, with a 38% CASA ratio and plans to maintain a 12-14% credit growth and 2.9% NIM. The bank is actively lending in emerging sectors and expanding its reach through acquisition financing.

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