Panasonic to expand appliances business in India
The company aims to expand its appliances business in the South Asian country by accelerating the localization of R&D, production and sales activities to develop products that match the local needs.
Panasonic started local production with rice cookers from 1990, TVs from 1996 and air conditioners from 2013 to address the growing demand in the market. Keeping in mind the rising demand for value-added refrigerators, the new factory has been set in the premises of Technopark in Jhajjar, Haryana.
It will have an annual production capacity of approx. 500,000 units and will be operational starting November 2017.
It will manufacture refrigerators with unique features such as energy-saving, long-lasting freshness and design. Sales for the same will commence from April 2018 in India.
Panasonic will also establish the India R&D Center in Appliances Company India consisting of two technical divisions to accelerate the product development and to realize locally fit products.
It will strengthen the design division targeting the complete local product development process in India.
The company will also establish the design division in Bangalore in April 2017 in partnership with Tata Elxsi.
Through this division it will develop technologies such as artificial intelligence and robotics applicable to appliance products not only for India but also for Japan and global markets.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
