The Indian market is poised to be among the top three growth regions for Danfoss globally, and the company will continue investing Rs 1,000 to Rs 1,200 crore over the next three years to drive localisation, a top official of Danfoss India, a wholly owned subsidiary of the Denmark-based Danfoss Group, said on Tuesday.
Currently, the Indian subsidiary has moved into the top six in Danfoss' global rankings, recording strong double-digit growth in 2024, Danfoss India President Ravichandran Purushothaman said in a company statement.
On Tuesday, Danfoss announced its financial performance, reporting sales of Euro 9.87 billion, with an operational EBITDA (earnings before interest, taxes, depreciation and amortization) margin of 11.3 per cent.
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