Panasonic eyes Rs 1,500 crore revenue with new range of ACs

Consumer durables major Panasonic is eyeing around Rs 1,500 crore in business riding on the back of a new range of air purifying air conditioners (AC) launched on Wednesday.

Published: 15th March 2018 02:52 AM  |   Last Updated: 15th March 2018 06:44 AM   |  A+A-

A man walks past the Panasonic logo at the Panasonic Centre in Tokyo | REUTERS

By Express News Service

HYDERABAD: Consumer durables major Panasonic is eyeing around Rs 1,500 crore in business riding on the back of a new range of air purifying air conditioners (AC) launched on Wednesday. According to company officials, Panasonic aims to increase its customer base with the new range as consumer awareness on air pollution rapidly increases, especially in cities like Delhi.

“This new range of air purifying inverter ACs, inbuilt with a patented air purification system called Nanoe Technology that actively removes PM2.5 and airborne particles, gives up to 99 per cent clean air,” the company’s AC business head, Gaurav Sah, said.

“Indoor air pollution can be worse than outdoor air pollution. In the wake of the changing preferences of consumers towards a healthy indoor environment, our air purifying innovation, Nanoe Technology, uses nano-sized electrostatic atomised water particles to deodorise, inhibit bacteria and virus growth, remove dust and purify the air in the room even when the cooling function of the air-con is turned off”.

Sah added that the company was targeting 20 per cent revenue growth in the next financial year. “With this new range we aim to achieve Rs 1,500 crore in business during the summer season, and we are targeting 20 per cent growth in FY18-19 over last year.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.