Both the refrigerator and washing machine segments were a loss-making businesses for Panasonic in India, where it was struggling to make a space in the market.
Panasonic has withdrawn from India's refrigerator and washing machine sectors due to global restructuring and sustained losses, despite achieving ₹11,500 crore revenue in FY25.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 company's market ...
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Panasonic downsizes India operations: Japanese firm to exit washing machines, fridge markets; layoffs expected
Panasonic Holdings is exiting India’s refrigerator and washing machine segments, marking a significant downsizing of its consumer electronics business in the country as part of a broader global ...
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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