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OSAKA, Japan, June 26, 2026 – Daikin Industries, Ltd. announced today that its Board of Directors, at today’s meeting, resolved to establish Daikin Research and Development India Private Limited in Haryana, India. The new company will serve as a core base to strengthen product development capabilities for the Global South, including Asia, Oceania, and Africa. In conjunction with this initiative, Daikin will build an R&D center in Haryana, with completion scheduled for June 2028.
In recent years, the Global South has experienced rapid economic growth and urbanization, driving an increase in the construction of data centers, factories, and commercial facilities. As a result, demand for HVAC systems for large-scale facilities is expanding. To address this growing demand, it is essential to further strengthen product development capabilities that reflect local market needs and regulatory requirements.
Daikin will build a new R&D center in India, led by the newly established subsidiary, to enhance its product development capabilities, particularly for large-scale HVAC systems. India offers strong potential as a development hub, supported by a deep pool of engineering and IT talent and a growing concentration of related industries.
Going forward, this R&D center will serve as a core hub for creating products and solutions that meet the diverse needs of the Global South.
| (1) Name | DAIKIN RESEARCH AND DEVELOPMENT INDIA PRIVATE LIMITED | |
|---|---|---|
| (2) Location (Registered) | New Delhi, India | |
| (3) Representative | To be determined | |
| (4) Business Activities | Development of HVAC systems | |
| (5) Capital | INR 8 billion (approx. JPY 13.6 billion) *Calculated at INR 1 = JPY 1.7 | |
| (6) Establishment | July 2026 (expected) | |
| (7) Shareholder | Daikin Industries, Ltd.: 100% (including 0.001% indirect ownership) | |
| (8) Relationship with the Company | The company will be established with 100% investment by the Daikin Group | |
| Personnel: To be determined Business: None |
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The impact of the establishment of this subsidiary on consolidated financial results for the fiscal year ending March 31, 2027 is expected to be minimal.
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