Panasonic eyes Rs.500-cr LED sales

Panasonic group company Anchor Electricals is looking at around Rs 500 crore sales from the LED segment by 2019 on the back of wider distribution networks and portfolio expansion. The company is expanding its portfolio to commercial, hospitality, industrial space in the architectural and commercial luminaries besides the home category. It recently launched its brand new Panasonic LED luminaries for the Indian market and is aiming to have at least 2,000 dealers by FY2018-19.