Daikin and Rechi Precision Form Joint Venture to Manufacture Compressors for Indian HVAC Industry
IN: Daikin India and Rechi Precision Co. Ltd. have entered into a partnership to establish a joint venture in India focused on manufacturing, designing, and selling compressors to the growing HVAC industry. The joint venture is set to begin operations by the end of FY2025, pending regulatory approvals and the establishment of a manufacturing facility. Initially, the venture will focus on assembling Rechi's rotary compressors for the Indian residential HVAC market. In the long term, the partnership may expand into building a dedicated compressor factory in India to meet increasing demand.
Rechi, a global leader in the compressor industry, brings its expertise in rotary compressors and other HVAC components, while Daikin leverages its established presence and market foundation in India. This joint venture is part of Daikin's broader strategy to strengthen its product supply capabilities in the Indian market, following its earlier expansions with the Neemrana and Sri City factories. By securing a stable supply of high-quality, low-cost compressors, Daikin aims to support the growth of India's HVAC market while reinforcing its business position in the region.
Source: Daikin