Panasonic, which is aiming to capture up to 8 per cent (value basis) of the AC market this season, has re-entered into the segment with the entry-level models, the company said in a statement.
Its window AC line up is already available in the market in variants of 1, 1.5 and 2 tonnes, ranging from Rs 24,990 to Rs 39,490.
"The consumption pattern in these areas is shifting from necessities to discretionary goods and the consumers have been showing a great appetite for consumer durables.
After this addition, Panasonic would now cater to different audiences with its offerings.
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Commenting on the development, Panasonic India and South Asia Managing Director Manish Sharma said: "We want to give our consumers a wide choice of products to choose from and make available products that suit their requirements in context to their economic and demographic limitations".
Panasonic grew 5 per cent in terms of value, he said.
It has a network of 700 authorised service centres and over 50 Panasonic service plazas.