Panasonic exits Indian Consumer Market in some segments

[mmadhankumar]

Panasonic India has decided to withdraw from the washing machine and refrigerator segments after sustained underperformance and market stagnation. They will now focus on future ready segments like HVAC and B2B solutions.

Panasonic Exits Refrigerator, Washing Machine Markets in India Amid Prolonged Losses

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 these segments, the company is redirecting its focus toward high-growth areas such as HVAC...

www.timesnownews.com

 

[iDJ]

This is so sad. Our first CRT tv was Panasonic. It's colors were unmatched in front of poor man South Korean products like LG and Samsung. Sony also offered similar quality. I think Panasonic recently was selling in some different branding I forgot the name of it.

 

[Balaji G]

I thought to buy refrigerator from Panasonic some how I went ahead with IFB.
I am saved atleast.