- It is also aiming for a Rs 500 crore revenue from its solar business in the next three to four years
- As a part of its solar business, it sells modules manufactured by its parent firm
According to a report by the Economic Times, Panasonic Corporation’s Indian subsidiary Panasonic Life Solutions is aiming to expand its electric vehicle charging offerings in the country. The report also said that the company is aiming for a Rs 500 crore revenue from its solar business in the next three to four years.
As per the report, Dinesh Aggarwal, Panasonic Life Solutions joint managing director said that the company entered the solar market in 2014-15 and has established itself as a rooftop EPC (engineering, procurement, and construction) solutions provider. It has been successful in executing projects in India and in few foreign countries.
Rs 200 crore revenue from the solar business in present financial year
The report said that for the present financial year, it is aiming for a Rs 200 crore revenue from the solar business with Rs 50 crore coming from the sale of Panasonic HIT modules and the rest from EPC projects. As a part of its solar business, it sells modules manufactured by its parent firm. They are manufactured at a facility in Malaysia. It also develops solar rooftop projects on a turnkey basis said the report.
