Panasonic India eyes Rs 700 cr revenue from energy business by 2021

Diversified technology firm Panasonic India is betting big on its energy-related business and expecting to clock around Rs 700 crore in revenue by 2021 from this vertical, said a top company official.

The company has divided its energy space business into two segments — energy storage and mobility solutions, Panasonic President and CEO said.

Panasonic Wednesday introduced its smart electric vehicle charging service ‘Nymbus’ to tap emerging opportunities in the mobility sector.

“This is a very important segment for us. Over all, from all energy related business by 2021, we are looking at a revenue of Rs 700 crore,” Sharma told PTI.

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