Panasonic To Set up One Lakh Charging Stations In India by 2021

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The Japanese electronics giant, Panasonic recently made an official announcement that its new goal to setup one lakh charging stations across 25 different Indian cities by the end of 2024. Panasonic will also be serving latest telematic solutions that can power over a million vehicles.

Manish Sharma, CEO & President, Panasonic India says, “Panasonic wants to be ready with a matching infrastructure to power the new-generation, cleaner vehicles.”

Panasonic made a strategic partnership with Tesla and will be setting up mini charging facilities at petrol pumps, malls, parking areas, and specially developed zones in cities like Delhi, Bangalore, Pune, Amravati, Chennai, Noida, Ghaziabad, Gurgaon, Hyderabad, and Noida.

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Panasonic India also is targeting to reach individual vehicle commuters, logistics and e-commerce firms, and fleet owners for organizing their transport in a improve and effective way.

Meanwhile, the brand has been building telematics solution at India’s Research and Development centers that will enable manufacturers and providers of vehicles in understanding user patterns through equipment and lithium-ion battery.

Diversified technology firm Panasonic India is betting big on its energy-related business and is predicting to peg around Rs 700 crore in revenue by 2021 from this vertical, said a top company official.

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The company has divided its energy space business into two segments — energy storage and mobility solutions, Panasonic President and CEO

Panasonic Wednesday introduced its smart electric vehicle charging service ‘Nymbus’ to tap and cater emerging opportunities in the mobility sector.

“This is a very important segment for us. Over all, from all energy related business by 2021, we are looking at a revenue of Rs 700 crore,” Sharma told PTI.

According to him: “The market opportunity would be around Rs 5,000 crore by then. This would include battery energy and electric charging business.” Nymbus is a charging service that combines charging stations, swap stations, on board charges, telematics systems and the virtual components like cloud service, analytics, intuitive dashboard and artificial intelligence.

Panasonic has recently launched Nymbus in Delhi National Capital Region and is currently and is limited to two and three-wheelers only.

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Panasonic has massive plans to expand charging solutions for other vehicle categories and to penetrate in 7-8 cities in the next three years.

“We have currently deployed our solutions in Delhi NCR. We aim to expand to 25 cities in the next five years targeting approximately one million vehicles,” said Panasonic India Head Energy Systems Division Atul Arya.

As part of the first phase, Panasonic has partnered with electric mobility service providers’ SmartE and qQuick, wherein Panasonic will be deploying the EV charging service on 150 SmartE electric three-wheelers and on 25 Quick 2-wheelers in the Delhi NCR region.

Panasonic is also developing and increasing its storage battery system, which is based on Lithium Ion battery.

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“This business is going on with reasonable pace, in line with the the rate of adoption which is happening in our country,” he said adding that such adoptions is happening in the areas of telecom towers and ATMs.

“I believe that in the next three years, it would have rapid expansion in critical applications, where diesel generators are used such as hospitals, data centers etc,” Sharma said.

Panasonic energy business is part of its B2B business in India, which is presently contributing around 25 per cent in its revenues.

Panasonic is predicting that in the next five years, its B2C and B2B both will contribute 50:50 percent in its revenue terms, Sharma said.

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