Panasonic India solar ops stay strong despite US exit
Company News

Panasonic India solar ops stay strong despite US exit

Panasonic Life Solutions India (PLSIND) has reaffirmed its continued commitment to India’s solar energy market, following Panasonic North America’s decision to exit its solar and battery storage business. The company clarified that this restructuring move will not impact operations in India.

Through its division Panasonic Electric Works India (PEWIN), the firm plans to scale up its solar portfolio and distribution network in India. It aims to cater to both residential and commercial demand while collaborating with developers, installers, and government agencies to support India’s clean energy goals.

Panasonic will continue offering high-efficiency solar panels and has assured customers of uninterrupted service, product warranties, and after-sales support.

“India remains a strategic market for Panasonic’s solar business, and we are fully aligned with the country's renewable energy ambitions,” said Sanjay KVS, Business Unit Head, PEWIN. He added that Panasonic would continue investing in innovation and partnerships to strengthen its presence in the Indian solar sector.

Panasonic Life Solutions India (PLSIND) has reaffirmed its continued commitment to India’s solar energy market, following Panasonic North America’s decision to exit its solar and battery storage business. The company clarified that this restructuring move will not impact operations in India.Through its division Panasonic Electric Works India (PEWIN), the firm plans to scale up its solar portfolio and distribution network in India. It aims to cater to both residential and commercial demand while collaborating with developers, installers, and government agencies to support India’s clean energy goals.Panasonic will continue offering high-efficiency solar panels and has assured customers of uninterrupted service, product warranties, and after-sales support.“India remains a strategic market for Panasonic’s solar business, and we are fully aligned with the country's renewable energy ambitions,” said Sanjay KVS, Business Unit Head, PEWIN. He added that Panasonic would continue investing in innovation and partnerships to strengthen its presence in the Indian solar sector.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Get CW App