Consumer electronics major Panasonic India is aiming to double its residential airconditioning business in the next three years as it is betting big on new cutting age technologies along with growing demand.
The company, which introduced HU series of ACs with the recently-announced nanoeX technology, is eyeing about 35 per cent sales growth in the segment this year on the back of pent-up demand.
NanoeX technology releases hydroxyl radicals contained in water, which are also known as “nature’s detergent” that are capable of inhibiting bacteria and viruses, including 99.99 per cent of adhered novel coronavirus.
Panasonic ACs are also equipped with Artificial Intelligence (AI) and internet of things (IoT) platform Miraie as well as intelligent sensors Econavi, which detect unconscious waste of energy.
Last year, Panasonic had launched its Miraie platform and introduced connected technology across its inverter ACs portfolio with smart features. The company has gone for faster adoption of nanoeX technology and help people fight the pandemic.
Currently, air conditioners account for nearly 40 per cent of Panasonic India’s overall consumer durables business and 15 per cent of the overall sales. The company, which has an installed capacity of one million units of room ACs at its Jhajjar, Haryana-based plant, plans to add more shifts to remove bottlenecks and meet increased demand.
