[1]Daikin Air-conditioning India, a fully-owned subsidiary of the USD 14-billion Daikin Industries of Japan, is eyeing up to Rs 2,000 crore revenue in fiscal 2013, a top company official said.
"We have embarked on an expansion drive including penetrating the tier II and III markets. We are expecting nearly Rs 1,800-2,000 crore in FY13," managing director Kanwal Jeet Jawa told agencies here. The plans include introducing highly efficient air-conditioners, he said.
"We plan to foray into newer markets like Indore, Bhopal, Ujjain, Bhubaneshwar, Jaipur, Patna, Ludhiana, Jalandhar, Amritsar, Lucknow, Vizag and Kochi this year. This is a move in line to strengthen our hold in the HVAC (heating, ventilation, and air conditioning) market," he said.
Presently, the HVAC market is around Rs 10,000 crore.
"Currently, we enjoy 12 per cent share in the HVAC market. With our expansion plans in place, we expect it to further increase it to 15 per cent," Jawa said.
Last year, the company clocked revenues of around Rs 1,200 crore. To achieve its targets, Daikin India plans to expand its national dealership network to 2,000 from the current of 1,000 plus and develop 100 new exclusive solution plazas across the country in the coming months.
Currently the company has 68 solution plazas.
"Daikin will also accelerate localisation of strategic functions such as marketing, financial strategy, and product development to drive profitability as a part of the FUSION 15 strategic plan, which will help it to position itself amongst the top 3 HVAC player here by 2015," he added.
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