Panasonic exits refrigerator, washing machine segments in India

NEW DELHI: Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major.

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.

According to GFK numbers, Panasonic has a very low market share in both refrigerators and washing machine segments.