Panasonic Electric Aims To Capture 50% Of India's Wiring Devices Market
Panasonic Electric Works India (PEWIN) -- a subsidiary of Panasonic Life Solutions aims to capture 50 per cent market share of India's wiring devices market by 2030, a top company official said. "Over the next five years, our focus in India will be on significantly expanding our market share," Toshinobu Kawasaki, Joint Managing Director, Panasonic Electric Works India. "Specifically, by 2030, we aim to capture a 50 per cent market share in the wiring device business," he said. "We are also targeting substantial growth in our core business areas, such as switchgear and lighting. This ambitious plan reflects our commitment to strengthening our position in the market and continuing to deliver quality and innovation in these key segments," Kawasaki said. Wiring devices include products such as switches, plugs, lighting control devices, time switches, and provide connection points for outlets, lighting, and appliances to save energy and manage power. In the medium to long term, expanding its manufacturing capacity in India is a critical objective, and for Sri City facility, the company plans to make additional investments to expand our automated production lines.
Tags : Panasonic Electric Works India Panasonic Life Solutions critical objective Sri City facility Toshinobu Kawasaki