Consumer electronics reshuffle: Panasonic exits refrigerators and washing machines in India, to focus on HVAC and B2B
Panasonic has withdrawn from India’s refrigerator and washing machine sectors due to global restructuring and sustained losses, despite achieving ₹11,500 crore revenue in FY25.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 ...
Panasonic to exit washing machines, fridge markets; layoffs expected
Panasonic Holdings is exiting India’s refrigerator and washing machine sectors due to intense competition and low market share, impacting its consumer electronics business. The company ...
