Panasonic expects India to become its largest global air conditioner market within seven years
Panasonic aims to double its Indian production capacity by 2028 as demand surges. The company expects India to become its top global AC market by 2033.
Insights:
Panasonic Holdings Corporation announced on February 13, 2026, that it expects IN 
IN to become its largest air-conditioner market globally within the next seven years. To support this objective, the company plans to double its manufacturing capacity in the country to two million units by fiscal 2028. This expansion is aimed at capturing significant growth in a market where the India room AC market is currently under-penetrated, with household penetration sitting at approximately one-tenth.
IN to become its largest air-conditioner market globally within the next seven years. To support this objective, the company plans to double its manufacturing capacity in the country to two million units by fiscal 2028. This expansion is aimed at capturing significant growth in a market where the India room AC market is currently under-penetrated, with household penetration sitting at approximately one-tenth.
