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The Economic Times

LG to focus on increasing localisation of commercial AC in India; sets up separate service entity

LG Electronics Inc is focusing on commercial air-conditioners in India, launching a new company for their service and maintenance, said a senior executive. Production of compressors has started locally with 50% localization, aiming to increase. LG plans to leverage India's manufacturing for exports and has set up six HVAC training academies

The Economic Times

Daikin to sell 2 million units of AC in FY25, expand manufacturing capacity of compressors

Daikin is focused on increasing its localisation level, leveraging the PLI scheme for the air conditioning sector. The company plans to enhance local manufacturing of PCB circuits to achieve this goal.