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Johnson Controls–Hitachi Air Conditioning

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Namestring
Johnson Controls–Hitachi Air Conditioning
Legal namestring
Johnson Controls-Hitachi Air Conditioning
Websiteurl
jci-hitachi.com
Company typeenum
Private
Founded yearint
2015
Descriptiontext

Johnson Controls–Hitachi Air Conditioning is a global HVAC manufacturer formed in 2015 as a joint venture between Johnson Controls International plc (60%) and Hitachi Global Life Solutions, Inc. (40%), headquartered in Tokyo. On July 31, 2025, Bosch completed the acquisition of 100% of the joint venture for approximately US$8 billion (€7.4 billion), integrating the business into Bosch Home Comfort Group (Bosch Thermotechnik GmbH) and making Bosch a trademark licensee of Hitachi, Ltd. for the Hitachi Cooling & Heating brand. As one of the top five global air conditioning manufacturers (alongside Gree, Midea, Daikin, and Haier) holding approximately 65% combined market share, the company sells residential air conditioners (the largest segment at >50% of the global market), light commercial and commercial HVAC systems, and Variable Refrigerant Flow (VRF) systems, with core technology centered on inverter compressors and heat pumps optimized for energy efficiency.

The company's product platform spans residential split ACs, commercial VRF systems for offices, retail, hotels, and data centers, and heat pump solutions aligned with decarbonization mandates. Inverter ACs are projected to reach 65.7% market share by 2035, and the Indonesia VRF market alone is forecast to grow from US$0.29 billion in 2025 to US$0.80 billion by 2033 (~11% CAGR), with the company actively expanding VRF portfolios, supply chains, and distribution in Asia-Pacific during 2025–2026. The company also positions into data center and AI infrastructure cooling, including India's data center buildout.

Johnson Controls–Hitachi generates revenue primarily through hardware sales of HVAC equipment, distributed via dealer, installer, and channel networks across Asia Pacific (Japan, India, Indonesia), North America, and — post-acquisition — Bosch Home Comfort Group's expanded footprint in EMEA and Latin America. With the integration, the business now operates under multiple brands (Hitachi Cooling & Heating, YORK®, Bosch Home Comfort, Buderus) within a 25,000+ associate, >US$8.6 billion sales division. Pricing is not publicly disclosed, and no AI/ML-native capabilities are documented in the source data; the company is not a software-led business and does not have a public app, API, or SDK surface.

Short descriptiontext

Johnson Controls–Hitachi Air Conditioning is a global HVAC manufacturer producing residential air conditioners, commercial VRF systems, and heat pumps, serving residential, commercial, and data center customers; acquired by Bosch in July 2025 for ~$8 billion and now operating as Hitachi Cooling & Heating within Bosch Home Comfort Group.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersTokyo, Japan
HQ citystring
Tokyo
HQ countrystring
Japan
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
air conditioning systems, variable refrigerant flow, heat pump solutions, commercial HVAC equipment, residential cooling systems
Industry2 codes
1HVAC Equipment (Heating, Cooling & Air Handling)
CodeIMAHAKABPrimaryYes
2HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls)
CodeBPABAGABPrimaryNo
NAICS code1 code
  • Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing333415
SIC code1 code
  • Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip3585
Product category
HVAC and Air Conditioning Equipment
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1HVAC Equipment Sales
TypeHardware Sales
Description

Revenue generated from manufacturing and selling air conditioning systems including split ACs, VRF systems, and heat pumps. Split air conditioners represent the largest product segment at over 50% of the market.

openpr.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Johnson Controls–Hitachi Air Conditioning manufactures and sells HVAC systems, including Variable Refrigerant Flow (VRF) systems, split air conditioners, heat pumps, and inverter-driven cooling solutions for residential, light commercial, and commercial buildings. Following the Bosch acquisition in July 2025, the portfolio is sold under the Hitachi Cooling & Heating and YORK® brands via Bosch Home Comfort Group.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • VRF market in Indonesia growing from US$ 0.29 billion (2025) to US$ 0.80 billion by 2033 at CAGR of 11.06%
+1 more record
Product overview1 text field

Johnson Controls-Hitachi Air Conditioning was a joint venture offering a comprehensive portfolio of HVAC products spanning residential, light commercial, and commercial categories. Following Bosch's acquisition in July 2025, the portfolio includes the Hitachi Cooling & Heating brand and YORK® brand, along with VRF (Variable Refrigerant Flow) systems, residential air conditioning, and commercial HVAC solutions. The company previously operated as a major global manufacturer holding approximately 65% combined market share among top five manufacturers in the air conditioning systems market.

Product and service3 records
1VRF Systems
CategoryCommercial HVAC
2Hitachi Cooling & Heating branded HVAC solutions
CategoryResidential and Light Commercial HVAC
3YORK® HVAC systems
CategoryResidential and Commercial HVAC
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Lennox International is a major North American residential and light commercial HVAC manufacturer. Comparable to JCH in the light commercial and residential HVAC product categories.

TypeDirect peer
Description

Gree is China's largest residential AC manufacturer and one of the top 5 globally alongside JCH. Competes directly on residential split systems and increasingly in commercial VRF.

TypeDirect peer
Description

Midea is a top-3 global HVAC manufacturer with extensive residential and commercial AC offerings. Competes with JCH across split ACs, VRF systems, and heat pumps in both Asian and export markets.

TypeDirect peer
Description

Samsung's Climate Solutions division produces residential and commercial HVAC including VRF systems. Direct competitor in technology, design, and channel distribution globally.

TypeDirect peer
Description

Daikin is the global #1 HVAC manufacturer with leading VRF, residential, and commercial AC systems. It is JCH's most direct competitor across product lines, technology (inverter/VRF), and global geographies.

TypeDirect peer
Description

Carrier is a global HVAC leader offering residential, commercial, and industrial climate solutions. Directly comparable to JCH across the full product portfolio and end-markets.

TypeDirect peer
Description

Haier is a top-5 global HVAC manufacturer with strong Asia-Pacific and North American presence through its HVAC division. Directly competes with JCH in residential and light commercial segments.

TypeDirect peer
Description

Mitsubishi Electric is a leading Japanese HVAC manufacturer with strong VRF and commercial building portfolios. Directly comparable to JCH in technology, product mix, and target customer base.

TypeDirect peer
Description

LG Electronics has a significant global HVAC business including residential and commercial VRF systems. Competes with JCH on inverter technology, brand strength, and global distribution.

TypeDirect peer
Description

Trane Technologies is a US-based HVAC leader in commercial and residential climate solutions. Direct competitor in commercial building HVAC and overlaps with JCH in light commercial segments.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks3 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Johnson Controls–Hitachi Air Conditioning

HVAC and Air Conditioning Equipmentjci-hitachi.com

Johnson Controls–Hitachi Air Conditioning is a global HVAC manufacturer producing residential air conditioners, commercial VRF systems, and heat pumps, serving residential, commercial, and data center customers; acquired by Bosch in July 2025 for ~$8 billion and now operating as Hitachi Cooling & Heating within Bosch Home Comfort Group.

What Johnson Controls–Hitachi Air Conditioning does

Johnson Controls–Hitachi Air Conditioning is a global HVAC manufacturer formed in 2015 as a joint venture between Johnson Controls International plc (60%) and Hitachi Global Life Solutions, Inc. (40%), headquartered in Tokyo. On July 31, 2025, Bosch completed the acquisition of 100% of the joint venture for approximately US$8 billion (€7.4 billion), integrating the business into Bosch Home Comfort Group (Bosch Thermotechnik GmbH) and making Bosch a trademark licensee of Hitachi, Ltd. for the Hitachi Cooling & Heating brand. As one of the top five global air conditioning manufacturers (alongside Gree, Midea, Daikin, and Haier) holding approximately 65% combined market share, the company sells residential air conditioners (the largest segment at >50% of the global market), light commercial and commercial HVAC systems, and Variable Refrigerant Flow (VRF) systems, with core technology centered on inverter compressors and heat pumps optimized for energy efficiency.

The company's product platform spans residential split ACs, commercial VRF systems for offices, retail, hotels, and data centers, and heat pump solutions aligned with decarbonization mandates. Inverter ACs are projected to reach 65.7% market share by 2035, and the Indonesia VRF market alone is forecast to grow from US$0.29 billion in 2025 to US$0.80 billion by 2033 (~11% CAGR), with the company actively expanding VRF portfolios, supply chains, and distribution in Asia-Pacific during 2025–2026. The company also positions into data center and AI infrastructure cooling, including India's data center buildout.

Johnson Controls–Hitachi generates revenue primarily through hardware sales of HVAC equipment, distributed via dealer, installer, and channel networks across Asia Pacific (Japan, India, Indonesia), North America, and — post-acquisition — Bosch Home Comfort Group's expanded footprint in EMEA and Latin America. With the integration, the business now operates under multiple brands (Hitachi Cooling & Heating, YORK®, Bosch Home Comfort, Buderus) within a 25,000+ associate, >US$8.6 billion sales division. Pricing is not publicly disclosed, and no AI/ML-native capabilities are documented in the source data; the company is not a software-led business and does not have a public app, API, or SDK surface.

Johnson Controls–Hitachi Air Conditioning firmographics

Firmographics
Name
Johnson Controls–Hitachi Air Conditioning
Legal name
Johnson Controls-Hitachi Air Conditioning
Website
https://jci-hitachi.com
Company type
Private
Founded year
2015
Operating status
Acquired
Headcount range
5,001–10,000 employees
Short description
Johnson Controls–Hitachi Air Conditioning is a global HVAC manufacturer producing residential air conditioners, commercial VRF systems, and heat pumps, serving residential, commercial, and data center customers; acquired by Bosch in July 2025 for ~$8 billion and now operating as Hitachi Cooling & Heating within Bosch Home Comfort Group.
Ownership category
akta.pro rank

Johnson Controls–Hitachi Air Conditioning industry classification

Industry
Product category
HVAC and Air Conditioning Equipment
NAICS
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)
SIC
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
akta.pro primary industry
HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
akta.pro secondary industry
HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB)

Keywords

  • Air conditioning systems
  • Variable refrigerant flow
  • Heat pump solutions
  • Commercial HVAC equipment
  • Residential cooling systems

Where Johnson Controls–Hitachi Air Conditioning is headquartered

Location

Headquarters

HQ city
Tokyo
HQ country
Japan
HQ region
Asia

Offices1 record

Markets served

Johnson Controls–Hitachi Air Conditioning business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. HVAC Equipment Sales: Revenue generated from manufacturing and selling air conditioning systems including split ACs, VRF systems, and heat pumps. Split air conditioners represent the largest product segment at over 50% of the market.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Johnson Controls–Hitachi Air Conditioning product offering

Product offering

Core offering

Johnson Controls–Hitachi Air Conditioning manufactures and sells HVAC systems, including Variable Refrigerant Flow (VRF) systems, split air conditioners, heat pumps, and inverter-driven cooling solutions for residential, light commercial, and commercial buildings. Following the Bosch acquisition in July 2025, the portfolio is sold under the Hitachi Cooling & Heating and YORK® brands via Bosch Home Comfort Group.

Product overview

Johnson Controls-Hitachi Air Conditioning was a joint venture offering a comprehensive portfolio of HVAC products spanning residential, light commercial, and commercial categories. Following Bosch's acquisition in July 2025, the portfolio includes the Hitachi Cooling & Heating brand and YORK® brand, along with VRF (Variable Refrigerant Flow) systems, residential air conditioning, and commercial HVAC solutions. The company previously operated as a major global manufacturer holding approximately 65% combined market share among top five manufacturers in the air conditioning systems market.

Differentiator

Problem solved

Functional benefit

Products and services

  • VRF Systems
  • Hitachi Cooling & Heating branded HVAC solutions
  • YORK® HVAC systems

Quantifiable outcome

  • VRF market in Indonesia growing from US$ 0.29 billion (2025) to US$ 0.80 billion by 2033 at CAGR of 11.06%
  • +1 more outcomes

Companies that use Johnson Controls–Hitachi Air Conditioning

Customer profile

Segments3 records

Ideal customer profiles2 records

Johnson Controls–Hitachi Air Conditioning technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Johnson Controls–Hitachi Air Conditioning partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Johnson Controls–Hitachi Air Conditioning competitors and assessment

Company assessment

Direct peers

  • Lennox International: Lennox International is a major North American residential and light commercial HVAC manufacturer. Comparable to JCH in the light commercial and residential HVAC product categories.
  • Gree Electric Appliances: Gree is China's largest residential AC manufacturer and one of the top 5 globally alongside JCH. Competes directly on residential split systems and increasingly in commercial VRF.
  • Midea Group: Midea is a top-3 global HVAC manufacturer with extensive residential and commercial AC offerings. Competes with JCH across split ACs, VRF systems, and heat pumps in both Asian and export markets.
  • Samsung (Climate Solutions): Samsung's Climate Solutions division produces residential and commercial HVAC including VRF systems. Direct competitor in technology, design, and channel distribution globally.
  • Daikin Industries: Daikin is the global #1 HVAC manufacturer with leading VRF, residential, and commercial AC systems. It is JCH's most direct competitor across product lines, technology (inverter/VRF), and global geographies.
  • Carrier Global Corporation: Carrier is a global HVAC leader offering residential, commercial, and industrial climate solutions. Directly comparable to JCH across the full product portfolio and end-markets.
  • Haier Smart Home: Haier is a top-5 global HVAC manufacturer with strong Asia-Pacific and North American presence through its HVAC division. Directly competes with JCH in residential and light commercial segments.
  • Mitsubishi Electric: Mitsubishi Electric is a leading Japanese HVAC manufacturer with strong VRF and commercial building portfolios. Directly comparable to JCH in technology, product mix, and target customer base.
  • LG Electronics (HVAC): LG Electronics has a significant global HVAC business including residential and commercial VRF systems. Competes with JCH on inverter technology, brand strength, and global distribution.
  • Trane Technologies: Trane Technologies is a US-based HVAC leader in commercial and residential climate solutions. Direct competitor in commercial building HVAC and overlaps with JCH in light commercial segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

Johnson Controls–Hitachi Air Conditioning financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Johnson Controls–Hitachi Air Conditioning leadership team

Management profile

Number of profiles

Profiles4 records

Johnson Controls–Hitachi Air Conditioning subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Johnson Controls–Hitachi Air Conditioning funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Johnson Controls–Hitachi Air Conditioning M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Johnson Controls–Hitachi Air Conditioning

What does Johnson Controls–Hitachi Air Conditioning do?

Johnson Controls–Hitachi Air Conditioning manufactures and sells HVAC systems, including Variable Refrigerant Flow (VRF) systems, split air conditioners, heat pumps, and inverter-driven cooling solutions for residential, light commercial, and commercial buildings. Following the Bosch acquisition in July 2025, the portfolio is sold under the Hitachi Cooling & Heating and YORK® brands via Bosch Home Comfort Group.

Is Johnson Controls–Hitachi Air Conditioning a public or private company?

Johnson Controls–Hitachi Air Conditioning is a private company. It is classified as corporate owned and is currently acquired.

When was Johnson Controls–Hitachi Air Conditioning founded?

Johnson Controls–Hitachi Air Conditioning was founded in 2015. It employs 5,001 to 10,000 people.

Where is Johnson Controls–Hitachi Air Conditioning based?

Johnson Controls–Hitachi Air Conditioning is headquartered in Tokyo, Japan, in the Asia region.

How does Johnson Controls–Hitachi Air Conditioning make money?

One revenue line is on record: HVAC Equipment Sales.

Who are Johnson Controls–Hitachi Air Conditioning's main competitors?

Direct peers on record are Lennox International, Gree Electric Appliances, Midea Group, Samsung (Climate Solutions), Daikin Industries, Carrier Global Corporation, Haier Smart Home, Mitsubishi Electric, LG Electronics (HVAC) and Trane Technologies.

Does Johnson Controls–Hitachi Air Conditioning have an API?

No public API is recorded for Johnson Controls–Hitachi Air Conditioning.

What industry is Johnson Controls–Hitachi Air Conditioning in?

Johnson Controls–Hitachi Air Conditioning's product category is HVAC and Air Conditioning Equipment. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of BPABAGAB, HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls). Its NAICS code is 333415 and its SIC code is 3585.

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Live signals
Simply Wall StBosch Home Comfort India (NSEI:BOSCH-HCIL)Johnson Controls-Hitachi Air Conditioning India Limited's Board of Directors accepted the resignations of Managing Director Mr. Gurmeet Singh and Director Mr. Tatsuya Sugawara on June 30, 2023. The Board appointed Mr. Sanjay Sudhakaran as Managing Director and Mr. Nobuyuki Tao as Chairman of the Board, both effective July 1, 2023, while also recommending the appointment of Mr. Arpit Kantilal Patel as Independent Director effective October 1, 2023. Mr. Sudhakaran, who previously served as Managing Director and CEO of Schneider Electric Infrastructure Ltd, brings over 25 years of experience from companies including Carrier Corporation, Otis Elevator, and United Technologies.The Times of IndiaBosch Home to start AC exports from India in two years: CEO & President Jan BrockmannBosch Home Comfort CEO Jan Brockmann announced the company will start exporting air conditioners from India within two years, backed by a major manufacturing investment in Gujarat that represents the company's largest global manufacturing commitment recently. The CEO cited India's geopolitical stability, friendly trade relations, and the upcoming India-EU Free Trade Agreement as key advantages, with the company aiming to double its India sales profitably and rank among its top three global markets by 2030. Bosch completed its $8 billion acquisition of the Johnson Controls-Hitachi Air Conditioning joint venture last year, which gave it entry into the India AC market.openPR.comIndonesia Variable Refrigerant Flow (VRF) System Market (2026) | Heat Pump VRF, Air Cooled, HVAC Solutions, Commercial HVAC & Indonesia Growth Projections (2033)The Indonesia Variable Refrigerant Flow (VRF) System market was valued at US$ 0.29 billion in 2025 and is projected to reach US$ 0.80 billion by 2033, growing at a CAGR of 11.06%, driven by rapid urbanization, rising commercial construction, and increasing demand for energy-efficient HVAC solutions. Key manufacturers including PT Daikin Airconditioning Indonesia, Mitsubishi Electric Indonesia, LG Electronics Indonesia, and Johnson Controls-Hitachi Air Conditioning Indonesia have expanded their VRF portfolios, supply chains, and distribution networks in 2025–2026 to capture growth opportunities in commercial buildings, smart infrastructure, and green construction projects.Trak.inBosch Likely To Launch AC In India; But Hitachi Brand Will Co-ExistBosch Home Comfort India is considering launching Bosch-branded air-conditioners in India while continuing its Hitachi line under a dual-brand strategy. The company has invested around ₹500 crore in R&D over four years and aims to break into the top three players despite rising costs and stricter energy standards.openPR.comTrends in Growth, Market Segmentation, and Competitive Strategies Influencing the HVAC System MarketThe HVAC system market is projected to grow to $260.58 billion by 2030, representing a compound annual growth rate of 6.6%, driven by smart city initiatives, net zero emissions commitments, energy efficiency regulations, and the rise of green building developments. In May 2023, Daikin Applied acquired Carroll Air Systems to expand its commercial and industrial HVAC product range in the US market. In September 2023, Johnson Controls-Hitachi Air Conditioning launched the Hitachi Air365 Hybrid dual fuel system, combining gas and electric technology for residential and commercial climate control applications.Business StandardLatest Stock Market News, Sensex Today and Nifty Live UpdatesJohnson Controls-Hitachi Air Conditioning India Ltd has informed BSE that its Board of Directors will meet on January 30, 2024 to consider and approve the company's unaudited financial results for the quarter ended December 31, 2023. This is a routine board meeting intimation filed as part of regular regulatory disclosure requirements. No additional strategic implications or forward-looking statements were provided in the notice.TradingViewJohnson Controls-Hitachi Declares ₹36 Interim Dividend for FY26Johnson Controls-Hitachi Air Conditioning India Limited declared an interim dividend of ₹36 per equity share for FY26, a 360% return on the ₹10 face value. The record date is July 9, 2025, with payment on or before July 24, 2025.The Times of IndiaJohnson Controls - Hitachi Air announces highest ever dividend of Rs 36/share. Check payment, record dates - The Economic TimesJohnson Controls - Hitachi Air Conditioning India announced its highest ever interim dividend of Rs 36 per share for FY 2025-26, with a record date set for July 9 and payment deadline of July 24. Following the announcement, the company's shares jumped nearly 5% to hit the day's high of Rs 1,825. The company has a market capitalization of Rs 4,956.90 crore on the NSE and has a dividend yield of 0.85%, though the stock has declined 9% over the past year.Manufacturing Today IndiaJohnson Controls-Hitachi drives HVAC innovation in DelhiJohnson Controls-Hitachi Air Conditioning India Ltd hosted the 'Hitachi Xchange Program' in New Delhi to empower HVAC consultants and architects with energy-efficient cooling technologies. The workshop aimed to strengthen the role of air conditioning in sustainable urban planning while supporting India's sustainability initiatives. More than 600 industry professionals participated in the event, highlighting Delhi's commitment to green infrastructure.P&S IntelligenceU.S. HVAC Variable Refrigerant Flow Systems Market Trends and DriversToshiba Carrier and Johnson Controls-Hitachi Air Conditioning recently launched new energy-efficient Variable Refrigerant Flow (VRF) systems to address growing demand for sustainable HVAC solutions in the U.S. market. Despite benefits like energy savings and space efficiency, high initial installation costs remain a significant barrier for consumers and small commercial entities.