Panasonic India aims 5% market share in solar segment

Consumer electronics major Panasonic India will focus on expanding its solar products range and is looking at capturing 5 percent market share in this segment in a year.

Consumer electronics major Panasonic India will focus on expanding its solar products range and is looking at capturing 5 percent market share in this segment in a year.

"We are focusing more on solar products.We are expanding our products offering and looking at capturing 5 percent market share in a year's time in the solar segment.

We are working towards that," Panasonic India Manging Director Manish Sharma told PTI. The company at present sells a solar lantern in India.

"Going forward, our intention is to get into larger business of solar panels," Sharma said.

As a part of its corporate social responsibility project, the company has allocated 9,000 solar lanterns to communities who have no access to electricity in two years.

The company has plans to allocate another 5,006 units this year through NGOs in Uttar Pradesh, Bihar, Andhra Pradesh, Orissa, Maharashtra, West Bengal and Haryana.

Talking about new products, Sharma said: "We will introduce a low cost solar LED light and solar home system after six months."

Panasonic App stock price

On March 20, 2015, Panasonic Appliances India Company closed at Rs 369.00, down Rs 0.6, or 0.16 percent. The 52-week high of the share was Rs 372.90 and the 52-week low was Rs 57.30.

The company's trailing 12-month (TTM) EPS was at Rs 1.48 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 249.32. The latest book value of the company is Rs 7.87 per share. At current value, the price-to-book value of the company is 46.89.

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