Panasonic India eyes 10% AC marketshare next fiscal: Official

Hyderabad, Feb 20 (): Consumer electronics majorPanasonic India is looking to increase its marketshare in air-conditioners segment to 10 per cent in the next fiscal fromsix per cent last year, a senior company official said onThursday.Panasonic India announced the launch of its newrange of connected air-conditioners here.

"We are expecting aggressive growth. Catering to thegrowing preference for connected ACs, with this launch, we aimto take our marketshare to 10 per cent and 25 per cent-30 percent growth in the air-conditioner segment in FY 2020-21,Business Head Air Conditioning Group, Panasonic India,Gaurav Sah told reporters.

Panasonics new connected AC range offers acustomised sleep mode feature that allows users to programdifferent temperatures throughout the night for a comfortablesleep, he said. Panasonics new range of connected ACs provideconvenience with the AI-enabled Miraie App; comfort withbetter cooling via JetStream and aero-wings technology, andhealth with its Nanoe-G technology, Gaurav said.

The estimated market size of room air-conditionersis about seven million units a year, he said.

The new range of IoT-enabled Panasonic invertersplit air-conditioners is priced starting from Rs 35,990. VVKNVG NVG