Panasonic launches its new IoT enabled ACs in India, plans to increase market share by 10% in the air-conditioner segment

Electronic maker Panasonic India is planning to increase its market share in the air-conditioners segment from six percent last year to 10 percent in the next financial year.

Speaking at the launch of Panasonic’s new range of connected air-conditioners, Gaurav Sah, Business Head for Air Conditioning Group, Panasonic India, said, “We are expecting an aggressive growth, catering to the growing preference for connected ACs with this launch.”

“We aim to take our market share to 10 percent and 25 percent – 30 percent growth in the air conditioner segment in FY 2020-21,” he said.

Describing the features of new air conditioners, Gaurav said, “The new connected AC comes with customized sleep mode features that allow users to program different temperatures throughout the night for a comfortable sleep.”

“It also comes with AI-enabled Miraie App, comfort with better cooling via JetStream, and aero-wing technology, and health with its Nanoe-G technology,” Gaurav added.

Speaking on the price, Gaurav said, “The new range of IoT-enabled Panasonic inverter split air-conditioners will start from Rs 35,990.”