Panasonic eyes small cities

Consumer durables firm Panasonic India expecting the sales target to touch 10,000 crore in 2012by foraying its existing portfolio as well as from the launch of new entry level products.

The company is planning to penetrate in tier II and III cities with its entry level products. The company, which expects to close the current fiscal with sales of 3,200 crore, is eying revenues of 5,000 crore in 2011 and  10,000 crore in 2012.

The company, which recently unveiled the world's largest 152-inch 3D full HD plasma display , is looking at various entry level products to drive its growth.