Panasonic aims to double its solar business, boost exports

The firm expects the share of exports to its entire business increase from 25% in FY23 to 30% this financial year

- Naman Suri

Panasonic Electric Works India, which is a subsidiary of Japan’s Panasonic Corp., seeks to double its solar module business within three years, and boost its exports.

"Solar contributes 6% to our overall business, comprising wiring devices, wires, cables and more. Our vision is that in the next three years, we want it to reach double-digit contribution. 10-12% of contribution should come from solar," Amit Barve, head of solar business, said in an interview.