Panasonic India

Panasonic India seeks separate PLI for compressors, motors, pcb boost

A separate production-linked incentive (PLI) for the air conditioner segment, focusing on high-value components like compressors and motors, is the need of the hour, Panasonic India head Manish Sharma said, echoing the demand of the industry. On the government's recent PLI scheme for passive or non-semiconductor electronics components, Sharma, the Chairman of Panasonic Life Solutions India, said it will encourage the industry and boost its competitiveness in the global markets. On March 28, the government approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. Currently, India imports USD 12-13 billion worth of non-mobile electronics. Almost USD 5-6 billion of PCB (printed circuit board) are being imported from elsewhere for assembling here, he said. "Now, the industry is being encouraged. We should sta

Panasonic's India arm aims for over 10% growth in FY26 on strong AC sale

The company witnessed a record 30 per cent sales growth in consumer appliances in the ongoing summer season, primarily led by the sale of air conditioners

Panasonic Life Solutions India acquires land parcel in Mumbai for Rs 160 cr

The land, spanning approximately 6,586.90 square metres, was purchased from River Rose Developers LLP, as per the registration documents

Panasonic Energy India Q1 results: Net profit grows to Rs 4.14 cr

Panasonic Energy India Company Ltd (PECIN) on Monday reported a profit after tax of Rs 4.14 crore in June quarter, up from Rs 2.59 crore in the year-ago period. The company' total income fell to Rs 64.18 crore in the first quarter of this fiscal from Rs 77.48 crore in the April-June period of preceding 2023-24 financial year, Panasonic Energy India said in an exchange filing. During the reporting quarter, the company reduced expenses to Rs 58.55 crore from Rs 74.02 crore in the three-month period a year ago. In a separate statement, Akinori Isomura, Chairman and Managing Director, PECIN, said, "Last two years have charted a turnaround story for company's operations and we have been reporting a consistent growth in profit. The slight dip in revenue this quarter is on account of a large B2B one time order that we won last year, so if we look at the overall sales growth in insolation of this order, we have recorded a 7 per cent growth." Part of Panasonic Holdings Corporation, Panasoni

Panasonic unveils smart, IoT powered models across inverter AC range

Panasonic on Monday launched its 2024 line-up of air conditioners, with 60 new models mostly across inverter AC range. This also includes India's first matter-enabled room ACs, powered by its IoT platform Miraie, a statement from Panasonic Life Solutions India (PLSIND) said. A matter-enabled device can be set up in a few seconds, connecting it to customer's network, smart speakers, ACs. We developed and manufactured our new range of ACs, keeping the evolving needs of our consumers in mind. The new line-up of ACs, comprising India's first matter-enabled RACs will not only provide inter-operability but, is also simple to use, reliable and secure," said Managing Director Fumiyasu Fujimori. PLSIND is a subsidiary of Japan's Panasonic Holdings Corporation.

Panasonic Electric eyes 50% share in India's wiring devices mkt by 2030

Panasonic Electric Works India (PEWIN) -- a subsidiary of Panasonic Life Solutions -- aims to capture 50 per cent market share of India's wiring devices market by 2030, a top company official said. "Over the next five years, our focus in India will be on significantly expanding our market share," Toshinobu Kawasaki, Joint Managing Director, Panasonic Electric Works India, told PTI. "Specifically, by 2030, we aim to capture a 50 per cent market share in the wiring device business," he said. "We are also targeting substantial growth in our core business areas, such as switchgear and lighting. This ambitious plan reflects our commitment to strengthening our position in the market and continuing to deliver quality and innovation in these key segments," Kawasaki said. Wiring devices include products such as switches, plugs, lighting control devices, time switches, and provide connection points for outlets, lighting, and appliances to save energy and manage power. Asked if the company i

Panasonic eyes double-digit growth in FY25, sees India as export hub

Panasonic expects a "double-digit" growth in the Indian market this fiscal while the company prepares to tap the long-term potential of the country by bringing high-tech products, besides making it an export hub. India is among three important regions for firm headquartered in Osaka, Japan, and it is in the process of building and bringing many more products and high-tech solutions which did not exist in the past in this country, said Chairman of Panasonic Life Solutions India and South Asia Manish Sharma. Panasonic Corporation is "heavily committed" to the Indian market as its "long-term potential is very high" because of a lower penetration of products in the country, providing enough space to grow, he said. The company is working on India-specific innovations for its business verticals such as consumer appliances, electric boxes (wire and wiring devise), supply chain where it provides smart factory solutions, industrial devices and energy business in which it is offering ...

Panasonic Life Solutions aims to achieve14% revenue growth in FY24

Appliance and consumer electronics maker Panasonic Life Solutions aims to achieve a 14 per cent revenue growth in FY24, led by its large appliances, according to the company's chairman, India and South Asia, Manish Sharma. The company is expecting to close the current financial year with a revenue of Rs 11,000 crore and double-digit growth, he said. Besides, the company is also expanding its product portfolio in large appliances like refrigerators, room air conditioners and some other segments such as cameras. "Overall we are doing well. We are having double-digit growth in terms of revenue. We might end this financial year close to Rs 11,000 crore," said Sharma. This is putting all the three verticals of Panasonic in India -- appliances, B2B and switch and wire businesses (Anchor) -- besides other small entities, he said. When asked about the next fiscal, Sharma said: "We are again targeting double-digit growth between 13 per cent and 14 per cent. This would largely be led by vo

Indian companies changing rules to call employees back to office

Apart from Indian companies, Apple Inc has asked its employees to attend office three times a week. Employees have been asked to attend office on Tuesdays, Thursdays and a day depending upon the team

Panasonic launches its first fully rugged laptop TOUGHBOOK 40 in India

Called 'TOUGHBOOK 40', the device offers 'backlit power button and keyboard icons' for easier night viewing in low-light environments

Panasonic India expands ESL and Digital SignEdge business

These tech-enabled display solutions have been designed to increase operational efficiencies for retailers and enterprises

Panasonic India aims 10% growth, top-line of Rs 9,600 crore in FY22

The company is already back to the pre-pandemic level in terms of revenue and volume

SriCity emerges as prime manufacturing location, attract Rs 2236 cr in 2019

Ahead of 2020, eleven companies have kicked off the construction of their plants, while six others entered into the operational phase

Panasonic to set up manufacturing unit in AP, begin production from 2021

The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021

Panasonic to set up manufacturing unit in AP, begin production from 2021

The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021

Panasonic to invest Rs 295 cr in new electrical equipment unit at Sri City

The plant will be the firm's fourth producer of electrical equipment material in the country, and the first in the booming southern market

Panasonic India eyes Rs 700 cr revenue from energy business by 2021

The company has divided its energy space business into two segments -- energy storage and mobility solutions

Panasonic India to launch facial recognition tech for Indian market by 2020

At a global level, 77% of Panasonic's revenues comes from the B2B segment and in India, it is looking at pushing the contribution of B2B revenues to overall revenues by 50%

Panasonic India 'on track' to achieve 20% growth in FY17

For mobile phone business, the company is eyeing revenue of Rs 2,000 crore this year, up 25% over last year

Panasonic conducts feasibility study for fridge plant in India

Company is also evaluating other locations as part of the feasibility study for the refrigerator plant