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

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

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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.”

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“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.”

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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