Consumer durables firm Panasonic India aims to almost triple its turnover to cross the Rs.3,000 crore mark by the end of the 2010-11 fiscal, a top company official said here Wednesday.
The company, a subsidiary of Osaka-headquartered Japanese firm Panasonic Corp, had a turnover of Rs.1,100 crore in the previous fiscal, said Suresh Kumar Bandi, head of sales and marketing (air-conditioning business), Panasonic India.
Speaking to newspersons after the eastern India launch of the company’s Cube air-conditioners, Bandi said western India accounted for 37 percent of the company’s AC sales.
“West India … is followed by the south at 30 percent while the east contributes only six percent,” he said.
The company had a five percent market share of split air-conditioners in the country, he said.
It plans to set up a new air-conditioner manufacturing plant in its proposed technopark in Haryana, he said.
The company had earlier said it will pump in Rs.1,400 crore in the technopark as well as a branding exercise in the next three years.
The technopark is expected to be ready by August 2012.