OSAKA/MUMBAI/SEOUL -- Daikin Industries aims to open a third Indian factory for home air conditioners in 2021, investing 10 billion yen ($88.4 million) to double its annual production capacity in the rapidly growing market to 2 million units.
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Daikin to double India capacity with third air-conditioner plant
Japanese manufacturer looks to seize local throne with region-tailored units
Daikin air conditioners on display at a Mumbai store. The company aims to distinguish itself in India with units tailored to regional quirks like spotty electricity.
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