Dec 06, 2016
Osaka, Japan - Panasonic Corporation today announced that it will start the local production of refrigerators and strengthen its R&D functions 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.