Panasonic

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

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

Employees trickle back into changed office spaces as Covid-19 cases decline

As India Inc gets back to office, employers are tweaking work spaces and using innovative solutions to tackle new concepts

Panasonic to mass produce next-gen batteries for Tesla in 2023: Report

The Japanese company reportedly plans to invest about $705 million in production facilities to make the new batteries for Tesla from as early as 2023

Mercedes, BMW, IBM, Panasonic to skip in-person events at CES 2022

BMW, IBM, Panasonic, and Mercedes have joined the growing list of tech companies who have decided not to attend the 'CES 2022' in-person in Las Vegas

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 confirms network illegally accessed, probing cyber attack

It was reported that the attacked servers stored information about Panasonic business partners and the company's technology

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

Panasonic's Q1 profit soars 27-fold on demand for car batteries, appliances

Panasonic, a key supplier of batteries to Tesla Inc, has moved away from low-margin consumer electronics

Panasonic sells Tesla stake for $3.6 billion, may use cash for investments

The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investing in growth

Panasonic sold its entire stake in Tesla last financial year: Nikkei

Japan's Panasonic Corp sold all of its stake in Tesla Inc last financial year which helped it earn billions of dollars in proceeds to fund new investments, the Nikkei business daily reported

Television prices likely to rise 3-4% in June, say industry players

Prices of LED televisions are expected to rise by 3-4 per cent this month as cost of panels have gone up in the global market besides an increase in logistics expenses. It will be the second hike by the manufacturers in the last three months. In April, the prices were hiked due to a rise in operating cost on account of increased ocean freight charges, and domestic transportation costs. Brands such as Panasonic, Haier and Thomson are considering increasing the prices of LED televisions. Panasonic India & South Asia President and CEO Manish Sharma said that in line with the commodity price increase, "we are also looking at increasing prices for some of the products in the range of 3-4 per cent". Haier Appliances India President Eric Braganza said there is no other option than to increase the price. "The panel prices have gone up. Everyone has been left with no option but to increase the price. Panel prices of 32 inches, which are largely sold in India, and large screen sizes (such)

Appliance firms staring at brief production halt amid lockdown

Panasonic set to shut its Jhajjar plant for a week starting Monday

Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion

This is Panasonic's biggest acquisition in a decade,

Panasonic to buy Blue Yonder for $6.5 bn in biggest deal since 2011: Report

It is the Japanese electronics firm's biggest acquisition since 2011

Panasonic aims to double AC business in next 3 yrs, invest in manufacturing

Consumer electronics major Panasonic India is aiming to double its residential airconditioning business in the next three years as it is betting big on new cutting age technologies

Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga

The change comes as Panasonic has begun to benefit from a partnership with Tesla, which was central to the incumbent chief's strategy.

Online sale of durables nearly doubles this season, grabs offline share

With consumers staying indoors, e-commerce firms have extended their reach to a larger number of pin codes

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Scheme for phone makers finds no takers amid coronavirus lockdown

Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.