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Panasonic India to secure 15 per cent market share in AC products segment by 2021: Gaurav Sah

Hyderabad, Mar 14 (UNI) Panasonic India, Business Head, Air Conditioners Group Gaurav Sah said that the company will secure 15 per cent market share in Air Conditioning products segment by 2021.
Talking to newsmen, after launching new its new rang of inverter air conditioner, inbuilt with its patented air purification system called Nanoe Technology that actively removes PM2.5 and airborne particles giving upto 99 per cent clean air here on Wednesday, Mr Gaurav said that at present the company market share was seven per cent during 2017 and expecting eight per cent during 2018.

He said that the company has 52 models ranging from Rs 26,000 to Rs 80,000. As many as 3.6 lakh units were sold out during 2017-18 and targeted to achieve 4.17 lakh units during 2081-19. The company targeted the business of Rs 1500 crore during 2018-19 with the growth rate of 17 per cent, he said.
Speaking on company’s 60th anniversary of air Conditioner category this year, Mr Gaurav said that the company has sold out more than 10 crore ACs across 100 counties.
Explaining the new ‘air-purifying inverter air conditioner’, Mr Gaurav said it comes with Aerowings that give more control over the direction of the airflow across a wide area and ensures flow of cool and purified air in very corner of the room.
With Aeroslim design, iAuto X feature for faster cooling and Econavi sensors which reduces energy wastage upto 65 per cent. The new air conditioners are available from a starting price of Rs 39,000 to 72,000 in 0.8T, 1.8T, 1.5T, 2.0T variants, he said..
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NOC not needed for export consignments: CDSCO

21 Mar 2018 | 8:03 PM

Hyderabad, Mar 21 (UNI) Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare, Government of India has issued an order on Wednesday notifying that No Objection Certificate (NOC) for export consignments to any country shall not be insisted, if such shipping bills are filed by the manufacturer himself, having valid license under Drugs and Cosmetics Act & Rules
In order to ensure an enabling environment for industrial growth the State Government will
champion cause of the industry with Government of India said Industry Minister KT Rama Rao during BioAsia 2018.

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CBDT invites suggestions, feedback for drafting of new Direct Tax Law

21 Mar 2018 | 7:44 PM

New Delhi, Mar 21 (UNI) Central Board of Direct Taxes (CBDT) has invited suggestions and feedback from stakeholders and general public in the format provided on the departmental website for the drafting of the new Direct Tax Law.

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HCE Medical Group, UK enters India by opening its facility in Hyderabad

21 Mar 2018 | 7:11 PM

Hyderabad, Mar 21 (UNI) HCE Medical Group, UK has entered into India by opening its facility HCE Medical India Limited at Madhapur, here on Wednesday.

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MRPL organises 38th Inter Unit PSPB Bridge Tournament

21 Mar 2018 | 6:56 PM

New Delhi/Mangaluru, Mar 21 (UNI) The 38th Inter Unit PSPB Bridge Tournament, organised by Mangalore Refinery & Petrochemicals Ltd, was launched on Wednesday at MRPL Employees Club.

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Consumer electronic brand Thomson to re-enter Indian Market

21 Mar 2018 | 6:29 PM

New Delhi, Mar 21 (UNI) Europe's leading electronic and home appliances brand Thomson is planning to make a come-back to India through the e-Commerce market space.

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