{"id":274668,"date":"2019-05-16T05:51:38","date_gmt":"2019-05-16T05:51:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=274668"},"modified":"2019-05-16T05:51:38","modified_gmt":"2019-05-16T05:51:38","slug":"panasonic-eyes-%e2%82%b9700-crore-from-battery-storage-business-by-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/panasonic-eyes-%e2%82%b9700-crore-from-battery-storage-business-by-2021\/","title":{"rendered":"Panasonic eyes \u20b9700 crore from battery storage business by 2021"},"content":{"rendered":"<p>Panasonic India is targeting \u20b9 700 crore business from battery and charging by 2021 when it expects the overall market to be about \u20b95,000 crore. The current market is around \u20b91,500 crore.<\/p>\n<p>Simply put, what it has done in five years, it proposes to do in two years.<\/p>\n<p>The company has achieved a cumulative turnover of around \u20b9750 crore from these businesses in the last five years. It has invested around \u20b950 crore on developing the technology in-house for battery storage systems.<\/p>\n<p>\u201cThe battery industry is almost on the cusp of exploding as demand will grow in the next two-three years. By 2021, we expect a growth of 25 per cent in this business is actually a possibility,\u201d Manish Sharma, Chief Executive Officer, Panasonic India, told BusinessLine on the sidelines of a launch here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Panasonic India is targeting \u20b9 700 crore business from battery and charging by 2021 when it expects the overall market to be about \u20b95,000 crore. The current market is around \u20b91,500 crore. Simply put, what it has done in five years, it proposes to do in two years. The company has achieved a cumulative turnover of around \u20b9750 crore from these businesses in the last five years. It has invested around \u20b950 crore on developing the technology in-house for battery storage systems. \u201cThe battery industry is almost on the cusp of exploding as demand will grow in the next two-three [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-274668","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=274668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=274668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=274668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=274668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}