Danfoss India announces half-year financial results;  records double-digit growth

Danfoss in India region has recorded strong sales growth in H1 2021, driven by increasing demand for its products and service. “Expanding sales footprint, increasing channels, robust recovery in Tier II & III cities, coupled with innovative applications and localization initiatives, is driving this momentum. The demand for energy efficiency, energy storage and electrification portfolio, is leading our sales,” the company said issuing a statement.

It adds, “Danfoss India is bullish on crossing Rs 2,000 crores turnover by the end of the year with capex cycle pickup in core Industry and PLI schemes launched by the Govt of India. This growth is supported by its strong employee base across the country, which has crossed 2,000 this year.”

Ravichandran Purushothaman, President, Danfoss India said, “India is an important market with significant growth potential for Danfoss. We continue to invest in the country and cater to the evolving needs of our customers. With good results witnessed across all our segments, we are quite confident about ending the year on a high note. Our aim is to establish India as one of the top 5 markets for Danfoss globally, in the coming years.”