Panasonic exits washing machine, refrigerator segments in India; Whirlpool, Voltas shares jump up to 5% Significant layoffs will be part of Panasonic's restructuring exercise, with the number ...

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 ...

Panasonic to exit refrigerator, washing machine segments in India The company’s market share stands at 1.8% in washing machines and just 0.8% in refrigerators, with both segments reporting ...

Japanese multinational electronics manufacturer Panasonic has quit the refrigerators and washing machine categories in India, where it failed to capture any significant market share and reported ...

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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 ...

Consumer Electronics Shift: Panasonic ends operations in India’s refrigerator and washing machine segments to focus on HVAC, B2B, and energy solutions.

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