Air conditioner manufacturing company Daikin starts commercial production of residential air-conditioners at its integrated air-conditioner manufacturing plant at Neemrana in Rajasthan in June this year.
Mr Jawa indicated that the company could set up new plants in other States as well, but declined to elaborate at this stage.
Like other companies, Daikin also stoppes to making window ac and concentrates on producing split ac’s from 0.75 tonne capacity, priced at Rs 22,500 apiece, to 2,700-tonne chillers which come at Rs 27,000 per tonne.
Daikin launched this summer new range of energy efficient air-conditioning solutions for residential, light commercial and commercial segments.
Mr. Jawa said,While the air-conditioning industry witnessed dull growth in 2011, Daikin grew multi-fold despite the higher prices of its products since they were found to be energy-efficient. India’s air-conditioning market is expected to grow at a CAGR of 20 per cent over the next five years, he added.