Consumer electronics reshuffle: Panasonic exits refrigerators and washing machines in India, to focus on HVAC and B2B
Saturday, 28 June 2025 () Panasonic has withdrawn from India's refrigerator and washing machine sectors due to global restructuring and sustained losses, despite achieving ₹11,500 crore revenue in FY25. The company's market share was minimal, with six years of sales losses. Panasonic will now concentrate on profitable areas like HVAC, B2B solutions, and home automation.
Panasonic Holdings is exiting India's refrigerator and washing machine sectors due to intense competition and low market share, impacting its consumer... IndiaTimes
Saturday, 28 June 2025 ()
