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Panasonic is exiting the refrigerator and washing machine sectors in India due to sustained losses, choosing instead to concentrate on HVAC and B2B solutions.

Panasonic has announced its exit from the refrigerator and washing machine businesses in India after years of persistent losses. With a negligible market share of 0.8 and 1.8 per cent respectively in ...

India Business News: Panasonic has withdrawn from India's refrigerator and washing machine sectors due to global restructuring and sustained losses, despite achieving ₹11, ...

New Delhi: Panasonic has announced its decision to exit the refrigerator and washing machine segments in India, aligning with the Japanese conglomerate’s broader global restructuring efforts.

Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major.

Panasonic, the well-known Japanese electronics company, has decided to stop selling refrigerators and washing machines in the Indian market. While other Panasonic products will still be available ...

Panasonic exits refrigerator and washing machine market in India, focusing on high-growth segments like home automation and B2B solutions. Job losses expected.

India Business News: Panasonic Holdings is exiting India's refrigerator and washing machine sectors due to intense competition and low market share, impacting its consumer ...

Japanese electronics manufacturer Panasonic Holdings is set to lay off some of its factory workers in India as it exits the country’s competitive refrigerator and washing machine segments. The company ...

Going forward, Panasonic’s consumer-facing business in India will focus on televisions and air conditioners, segments where the brand retains a solid market presence.