Panasonic India to up its yearly solar market share

Starting with one solar lantern, the company wants to get into the thick of solar business by expanding its solar products range.
Panasonic India set to raise solar share

To tap the emerging solar business, consumer electronics major, Panasonic India, intends to focus on the expansion of its solar products range.

"We are focusing more on solar products. We are expanding our products offering and looking at capturing 5 per cent market share in a year's time in the solar segment. We are working towards that," Panasonic India Managing Director Manish Sharma told PTI.

"Going forward, our intention is to get into larger business of solar panels," Sharma said. Currently, the company sells a solar lantern in India.

One of its corporate responsibility project was the allocation of 9,000 solar lanterns in a period of two years to communities without any access to electricity.

Further, the company is planning to allocate another 5,006 units this year through NGOs in Uttar Pradesh, Bihar, Andhra Pradesh, Orissa, Maharashtra, West Bengal and Haryana.

At the same time the company is coming up with new products. Sharma said: "We will introduce a low cost solar LED light and solar home system after six months."

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