Panasonic India Aims Rs 12,300 Crore Revenue This FY

- Advertisement -

Panasonic is aiming for revenues of Rs 12,300 crore in India this fiscal, driven by its refrigerator and TV businesses.

Panasonic
Image for representational purpose only

In a recent report PTI has stated that Panasonic’s revenue in the previous financial year was of about Rs 10,500 crore. They expect their B2B business to contribute almost half of its revenues by FY 2020-21 as it is expanding its presence in the segment. 

Panasonic India and South Asia President and CEO Manish Sharma told PTI that in the ongoing financial year, they are aiming at Rs 12,300 crore revenue overall whereas last year they had closed around Rs 10,500 crore. This is inclusive of Panasonic’s revenue from its step-down firm Anchor Electricals.

- Advertisement -

Sharma further informed that they intend to grow for three years with a CAGR of 20 per cent and this year Panasonic is looking for 30 per cent growth in TV. Panasonic also expects its consumer business to be double in the next three years. 

In the mobile phone market the company has decided to focus only on the niche segment. He further informed that Panasonic is aiming at Rs 800 crore this year and the strategy in mobile is to focus on niche segment of Rs 9,000 and above.

In the TV segment, the company expects its 4K range of televisions to account for around 25 per cent share of sales this fiscal. This year the company is targeting 1.2 million units of sales which is 11 to 12 per cent of value share. Sharma notified that the market share is currently 9 per cent and next year Panasonic is aiming to achieve around 11 to 12 per cent. 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Breathing Through “First-Time Silicon Success”

0
No one is born a leader, but the choices we make in life propel us to become a leader. For Chitra Hariharan, an innocent...

Worldwide Chip Sales Increased By 1.1% In April, Marking First 2024 Growth

0
A new forecast predicts robust annual growth, and the semiconductor market shows strong momentum, especially in the Americas and China. The Semiconductor Industry Association (SIA)...

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...

Buzz

Gruner Bags 11 CBG Plants Order From Reliance

0
The Noida-based CBG plant manufacturer is set to build a large facility in Gujarat in association with Reliance Industries, expects a vast turnover with...

Tesla Sues Former Supplier For EV Battery Secrets Theft

0
According to the lawsuit, Matthews, located in Pittsburgh, started providing manufacturing equipment to Tesla in 2019. Tesla disclosed to Matthews proprietary information about dry-electrode...

Ola Electric Launches 4680 Battery Cells Production

0
Ola Electric launches its in-house designed 4680 battery cells, testing them in two-wheelers, and prepares to produce 10,000 cells daily in Tamil Nadu by...

Important Sectors

Gruner Bags 11 CBG Plants Order From Reliance

0
The Noida-based CBG plant manufacturer is set to build a large facility in Gujarat in association with Reliance Industries, expects a vast turnover with...

Tesla Sues Former Supplier For EV Battery Secrets Theft

0
According to the lawsuit, Matthews, located in Pittsburgh, started providing manufacturing equipment to Tesla in 2019. Tesla disclosed to Matthews proprietary information about dry-electrode...

Ola Electric Launches 4680 Battery Cells Production

0
Ola Electric launches its in-house designed 4680 battery cells, testing them in two-wheelers, and prepares to produce 10,000 cells daily in Tamil Nadu by...

Sundram Fasteners Wins ₹4,000 Crore In EV Orders, Eyes Expansion

0
Plans to increase the revenue share from non-automotive segments in the upcoming years. Sundram Fasteners Ltd, a prominent manufacturer of auto parts, is seeing substantial...

MHI Proposes ₹12,600-30,000 Crore For EV Adoption

0
MHI has put forth a significant proposal ranging from ₹12,600 to 30,000 crore under the FAME-III scheme, to accelerate the adoption of Electric Vehicles...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...