Consumer electronics reshuffle: Panasonic exits refrigerators and washing machines segment in India, to focus on HVAC and B2B – Times of India
Japanese electronics major Panasonic has exited India’s refrigerator and washing machine segments as part of a global restructuring strategy, marking a shift toward more profitable and future-ready verticals such as HVAC, B2B, and home automation.The two segments had been loss-making for the company in India, where it struggled to gain market share. According to GfK…