Danfoss India bets big on drives to further bolster business
The Danfoss Group has made investments over Rs 1000 crores in the last six years, to further the company’s commitment towards strengthening its local manufacturing and powering its capabilities towards India-focussed R&D and innovation.

"We have increasingly strengthened our resolve to make our Danfoss Drives business self-reliant where ~80% of our supplies are produced from India Campus with an increasing focus on building a local supplier base and enhancing process innovation for our customers in India," said PL Palanisamy, Director – Danfoss Drives, Danfoss India.
The Danfoss Group has made investments over Rs 1000 crores in the last six years, to further the company’s commitment towards strengthening its local manufacturing and powering its capabilities towards India-focussed R&D and innovation.
The company's latest investment allows for further expansion (since August 2020) for the assembly of the FC51/FC360 range of drives to cater exclusively to the Indian market and further expand the P600 manufacturing line in the coming months. The new range of drives will create a significant impact towards improving energy efficiency and maximising energy productivity, the management said in a statement.
Danfoss India said that since its independent operations in India, it has quadrupled its localisation efforts in terms of production and supply chain capabilities and projects 90 percent localisation by 2022.
The company said it has achieved maximum self-reliance right from the sourcing of raw materials to the delivery of the finished products in India. Currently, the final products from the Danfoss India campus are also exported to key markets such as US, Middle East, ASEA regions.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.