- Business
- Panasonic Energy India Co. Ltd. operates as a leading manufacturer and supplier of dry cell batteries and lighting products in India, offering a broad range of battery types including zinc carbon, alkaline, lithium, and rechargeable batteries. The company’s product portfolio encompasses primary dry batteries under various brands such as Panasonic Gold Plus Dry Cell and Metal Dry Cell, battery-powered torches like Powerlite and Virat Panasonic Torches, and lighting products aimed at both consumer and industrial markets. It serves diverse customer segments including consumer electronics, industrial users, and retail markets with distribution expanding into rural and deep rural areas. Founded in 1972 and headquartered in Kolkata, the company is part of Panasonic Holdings Corporation. Recently, Panasonic Energy India has focused on digital sales management, enhancing retail and e-commerce presence, and expanding its distribution network to improve market share. Operationally, it has undertaken restructuring and consolidation initiatives that led to the turnaround of its profitability in FY 2023-24, reporting significant revenue growth and profit increases. Sustainability efforts include operating a carbon-neutral factory in Pithampur (Madhya Pradesh) with substantial solar energy integration and using recycled materials aligned with 3R principles. Additionally, Panasonic Energy India is engaged in a strategic joint venture framework with Indian Oil Corporation Ltd to manufacture cylindrical lithium-ion batteries, supporting India’s transition to clean energy and reinforcing its position in the lithium-ion battery market. The company also invests in corporate social responsibility initiatives and aims to extend its product portfolio and operational footprint in line with evolving market demands and sustainability goals. These activities reflect a strategic shift toward enhancing product offerings, operational efficiencies, and environmental sustainability in the rapidly evolving Indian energy storage and battery sector.