Tecumseh Products plans to bring new compressor platforms to India

 With tougher energy efficiency norms coming into play in India, Tecumseh Products Company LLC, a global manufacturer of compressors for commercial and residential refrigeration is planning to bring new compressor platforms to the country to meet the requirement. 

“We are considering to bring compressor platforms that are not present today, that could be also a very important point of key supply chains for the market here, like residential air conditioning, and also commercial cooling needs. We are working hard in this direction,” said Ricardo Alexandre Maciel, Chief Executive Officer, Tecumseh Products Company LLC in an interview.  

“And hopefully we are going to have announcements to make in the near future that will be very impactful for the market,” he said.

“Just to reinforce our commitment to India, to the market here, we are building together with our partners here the future of the cooling and refrigeration industry in this country. And we are going to keep going like that,” he added.

The company has been operating in India for over 30 years and serving domestic and exports markets from two manufacturing units.  About 60% of the production is for exports to North America, South America, Europe, Middle East and Africa, China and also Oceania.

Stating that the company has been localising the supply chain, he said more than 85% of the company’s supply chain is already localised in India and in some cases, 100% is localised in India.

He said in the last couple of years, the company’s business in India has been growing in high double digit. “And this market is growing steadily. The local team is doing a wonderful job by taking share from competition. So for the future, we foresee two digit growth for India for the next five years. And this makes India the fastest growing commercial refrigeration market in the world,” Mr. Maciel said.

“So India has outpaced China already in terms of growth. China is still the largest in terms of market size but on pace, India is outperforming, which is great news for all of us,” he added.

He said the company’s priority is to meet the energy efficiency requirements of this market and to provide sustainable solutions, meeting all the regulations when it comes to refrigerants. “And the third one is about made in India, designed, developed and manufactured here with a local supply chain so that we have a resilient way to supply our customers no matter what happens,” he added,