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
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The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021
The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021
The plant will be the firm's fourth producer of electrical equipment material in the country, and the first in the booming southern market
The company has divided its energy space business into two segments -- energy storage and mobility solutions
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%
For mobile phone business, the company is eyeing revenue of Rs 2,000 crore this year, up 25% over last year
Company is also evaluating other locations as part of the feasibility study for the refrigerator plant
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A 10 Mw energy storage array at Panasonic's Technopark manufacturing facility in Jhajjar, Haryana.