Danish Climate & Energy Solutions Firm Danfoss Aims To Double India Business By 2025
CEOInsights Team, 0
As a part of its 2025 growth strategy, Danfoss India plans to expand its geographic footprint in the country from the current 56 cities to 80-plus cities, improve localization of all products from an average of 50 percent to 80-90 percent, and explore new hots pots where energy efficiency plays a significant role. The company also has plans of introducing new innovative products focused on energy, food, health care, infrastructure, and mobility sectors.
At a recent media round table in Chennai, Danfoss global president and CEO, Kim Fausing said, "Danfoss India is in the group's top 10 markets in terms of sales and has the potential to be amongst the top five soon. We have a high growth momentum at Danfoss now. We have made significant investments in the recent past to the tune of 3.5 billion in acquiring companies to be a global technology leader providing solutions that improve energy efficiency and reduce emissions to meet our customers' increasing sustainable requirements".
Ravichandran Purushothaman, president Danfoss India region, said, "Danfoss India is seeing a huge digital transformation over the last two years and to support the same, we have added over 1,400 engineers and made investments of over $300 million in India to capitalize on the rising green opportunities."Danfoss India will be ending the calendar year(CY) 2022 with a revenue of more than Rs.2,000 crore. It expects to post a year-on-year(y-o-y) growth of 20percent for 2023against the projected 40 percent for 2022. Danfoss Global has put sustainability at the center of its core and clear growth strategy and is ambitious to take leading positions within decarbonization, circularity, and diversity and inclusion.
"India is going through unprecedented growth in every sector and we see huge opportunities in agriculture, especially in tractors and data centers. Danfoss India is the second top market for us now in the Asia-Pacific region and we see increasing contributions from India in the coming years, thanks to its immense growth potential from decarbonisation, digitalization and electrification", said Astrid Mozes, president developing regions and chairperson, India board.
The firm aims to be carbon neutral by 2030, especially in Scope 1 and Scope 2 emissions and currently, its headquarters campus at Nordborg, Denmark will become carbon neutral by the end of 2022.
Danfoss India Is Seeing A Huge Digital Transformation Over The Last Two Years And To Support The Same, They Have Added Over1,400 Engineers And Made Investments Of Over $300 Million In India To Capitalize On The Rising Green Opportunities
"India is going through unprecedented growth in every sector and we see huge opportunities in agriculture, especially in tractors and data centers. Danfoss India is the second top market for us now in the Asia-Pacific region and we see increasing contributions from India in the coming years, thanks to its immense growth potential from decarbonisation, digitalization and electrification", said Astrid Mozes, president developing regions and chairperson, India board.
The firm aims to be carbon neutral by 2030, especially in Scope 1 and Scope 2 emissions and currently, its headquarters campus at Nordborg, Denmark will become carbon neutral by the end of 2022.