Danfoss Power Solutions (DPS) – a world-class provider of mobile hydraulics for the construction, agriculture and other off-highway vehicle markets – is all set to inaugurate their new facility in Pune. The company is an Indian subsidiary of Denmark-based Danfoss Group and provides efficiency catering to the rising demand for innovation and development in India’s urbanisation & electrification journey.
Speaking on the launch of the new facility in India, Mr. Domenico Traverso, President – Work Function, Danfoss Power Solutions & India Board Member said, “Our new Danfoss Power Solutions facility in Pune is testimonial to the growth of our business in India that has been driven solely by our customers. As a company focussed on innovation and development, we believe that this facility will enable us to be a step-ahead to efficiently address the future needs of our customers and the industry in the next phase of India’s technological transformation journey.”
Speaking on the outlook for the new facility, Mr. Upinder Razdan, Managing Director – Danfoss Power Solutions, India said, “Instead of looking at our customers with a ‘one-size-fits-all’ approach, we have always focussed on tailor-making our world-class solutions based on the specific needs of the Indian industry and the market. With customer-centricity and reliability at the very core of our functioning, we are confident that our new facility will bring great momentum to the technological progress for our customers, thereby enabling us to strengthen our market-leader position in India”.
Speaking on the contribution of Danfoss Power Solutions to the overall Danfoss Business, Mr. Ravichandran Purushothaman, President – Danfoss India Region said, “India region is among the top-10 markets for Danfoss Global in terms of business, with Danfoss Power Solutions being a critical contributing element to the growth of our business in the Indian sub-continent. Over the last 5 years, Power Solutions business has seen a strong double digit CAGR growth with strong potential for further growth in India owing to the nation’s rising demand for infrastructure development, electrification, urbanisation, efficiency in agriculture, etc.”
With its focus set on the Indian market, the company has a 3:1 ratio on products manufactured for India vis-à-vis exports to several core global markets.