Panasonic aims 20% market share in split AC sector

Consumer durables major Panasonic has lined up Rs 120 crore investments during this financial year, aiming to garner a 20 per cent market share in the split air-conditioner segment. In 2008, Panasonic had less than one per cent market share and it soared to six per cent in 2010. Currently, the market share stands at 15 per cent in the air-conditioners segment.