Global firm Johnson Controls-Hitachi Air Conditioning, formed in October 2015, is the third-largest player in India. While prices of ACs are set to rise under goods and services tax (GST), chief executive officer Franz Cerwinka tells Arnab Dutta that clarity is required to allay fears of trade partners soon. Edited excerpts:
How important India is and where do you plan to be by 2020?
Not in every market around the world you manage to post 20 per cent yearly growth, which we have achieved here. So, we are happy with our results last year. Our revenue is $300 million (Rs 2,153 crore) in India, which is roughly 12 per cent of our global revenue. China is our largest market, followed by Japan, and India is the fourth-largest market for us. This is one of the most attractive markets for growth as penetration of air conditioners is still very low. Hopefully, by 2020, we will be the number two player with the number one position in sight.
via More questions than answers on GST: Franz Cerwinka | Business Standard News
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