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Danfoss India to invest Rs 100 cr to expand manufacturing base

Thursday, 19 Nov 2020
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Danfoss India has finalised plans to expand its manufacturing base located at Oragadam near Chennai, Tamil Nadu. 
The company will make an investment of about Rs 100 crore which will enable it to manufacture new products in certain segments while stepping up localisation.
The company plans to take up the localisation level to 90 percent from 35-40 percent over the next two to three years, by partnering with local supply chain of MSMEs, as a part of the Centre’s Athmanirbhar Bharat mission. 
The company’s business has grown to level of 2019 within the past three months. The company is now looking at the next phase of growth across various businesses, including power electronics. 
The company is investing in power electronics products and solutions to meet the emerging demand from domestic as well as exports. 
The Danfoss Group has infused more than Rs 1,000 crore in last six years and are now stepping up focus on localisation based on Indian R&D, and strengthen local manufacturing.


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