The renowned Japanese electronics company, Panasonic, is setting up to unveil a mobile phone which would price less than Rs 5,000 by the end of this November. With its entrance in the Indian market, the company has unveiled four finest models of smartphone, right from May, and is planning to achieve a market share of 8% in the initial year. 
As per the report from PTI, the Panasonic India Managing Director, Manish Sharma says that Panasonic is aware of the Indian market and taking this factor into account, they are scheduling to introduce a device less than Rs 5,000 by the end of this November. He also added that there is tough competition among various mobile companies in the Indian market and so the company is ready to put in more effort. He claimed that with their access in the smartphone market, they had by now introduced four different models of smartphone and is even ready to put forward a large variety of phones. Panasonic P51 is the first quad-core enabled smartphone which the company had launched in May at a price of Rs 26,900. Again, the company has released its three latest models that range from Rs 9,790 to Rs 16,490. Manish Sharma also concluded that their company is aiming at the young generation who always search for the most superior and quicker smartphones on the move and that these smartphones will be most suitable for the college going youth and the premium executive group.
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