Danfoss to double India business revenues by 2025

Danfoss India, a global leader in heating, ventilation, and air conditioning, has set a goal of more than doubling its India business revenue by focusing on its core business segments. The company aims to generate Rs 50 billion in revenue by 2025, and as part of its growth strategy, it intends to expand its footprint across the country. The company expects to earn more than Rs 20 billion in revenue in fiscal year 2022. With a current presence in 56 cities, Danfoss India intends to expand into more than 80 cities and increase product localization from 50% to 80-90 percent. Other plans include the introduction of new products in the energy, food, health care, infrastructure, and mobility sectors.