New Delhi : From being recognized as a consumer equipment manufacturer, Panasonic Life Solutions is moving towards becoming a B-to-B player with majority of its revenue from electric switches, wires, industrial equipment, energy solutions, batteries and B-to-B segments. comes B. In FY24, the company expects revenue of 12,600 crore, 13-14% growth in FY23 expected revenue 11,000 crores.
in conversation with PeppermintManish Sharma, President, India and South Asia, said the shift was strategic as India was moving towards being competitive in global value chains, which required large-scale investments in manufacturing, not just by individual companies but by an ecosystem of suppliers. Will be
Sharma said, “We not only want to become a manufacturer ourselves, but we also want to support manufacturing in the country.” Solution.”
He added that the company has created a specialized team called Smart Factory Solutions to manage business development and educate companies for greater automation in their manufacturing processes. Sharma said the company has developed a solution called Mirai ProFactory Platform that enables smart factory automation by connecting machines to the 5G platform through sensors, which will be useful for large companies setting up their 5G networks for automation. .
“It will be able to handle big data and help manufacturers take real-time decisions,” he added.
He added that Panasonic is in talks with global companies that plan to set up large-scale factories in India for SMT or surface mount technology, as well as pick and drop facilities for loading and unloading components onto SMT machines. There are also automated guided vehicles for applications such as PLAS. The solutions will be critical as semiconductor manufacturing picks up in the country.
The B-to-B segment, including new verticals of energy solutions, industrial devices and smart solutions, will contribute 40-45% of the total revenue.
To be sure, Sharma said the consumer segment will continue to get 27-28% revenue from the sales of the consumer appliances segment, mainly ACs and refrigerators, which is expected to be higher than last year due to the onset of summer. hopefully. “Last year for our cooling products like ACs and refrigerators, we registered a growth of around 35% (for April 22- as compared to the same period in 2021) This year we continue the growth momentum by registering double digit growth are expecting. , Similarly, we have expanded our portfolio of refrigerators and introduced Prime Convertible Refrigerators, a customized range specially designed for the Indian market.”
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