Panasonic India targets Rs 12,300 cr revenue this fiscal

Japanese consumer electronics major Panasonic is aiming for revenues of Rs 12,300 crore in India this fiscal, driven by its refrigerator and TV businesses.

Panasonic India reported revenues of about Rs 10,500 crore in the previous financial year.

The company also expects its B2B business to contribute almost half of its revenues by FY 2020-21 as it is expanding its presence in the segment.

Panasonic today also introduced new models of OLED and 4K TVs here to strengthen its presence in the segment.

"This financial year, we are looking at Rs 12,300 crore revenue overall. Last year we had closed around Rs 10,500 crore," Panasonic India and South Asia President and CEO Manish Sharma told

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)