Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 04 2018

Panasonic targets to sell 1.5 million smartphones in FY'19

The company's plan is to catch up with its target of garnering Rs 800 crore from this segment in FY'19.

Panasonic targets to sell 1.5 million smartphones in FY'19

Panasonic, a consumer technology company, is targeting to sell 1.5 million smartphones in the ongoing financial year. The company's plan is to catch up with its target of garnering Rs 800 crore from this segment in FY'19.

Manish Sharma, President & CEO, Panasonic India and South Asia, said, "Our mobile phone business is going as per our strategy. We plan to sell 1.5 million smartphones this fiscal." 

"Our focus is to get 4-5 per cent market share in mobile phone segment priced in the range of Rs 20,000-Rs 25,000 a unit," Sharma added. 

The company is selling many phones in the range of Rs 7,000-13,000. As per its plan to upgrade technology, Panasonic will soon come up with offerings in the range of Rs 12,000-18,000. It will also ramp up its manufacturing facility from November. 

Sharma further said, "We are not focussing on market share but consumer experience with respect to all our product range that we have. By end of this fiscal, we expect to have slightly less than 3 per cent market share in the smartphone segment. We are not focussing on scaling up sales volume. We will also move from semi-knocked down (SKD) level of manufacturing to completely knocked down (CKD) manufacturing from November." 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Tandoori Hut is an upmarket of Unique Soya Products..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Preschools
    About Us: E junior proves to be the most comprehensive and..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Courier & Delivery
    About Us: World Health Care Mart is a leading Teleshopping Company,..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Cosmetics & Beauty Product Stores
    About: NutriGlow Cosmetics is India’s Topmost Online Brand for best-in-class cosmetics..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2011
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities