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Panasonic to invest Rs.1,500 crore to expand India operations

Global electronics major Panasonic Corporation plans to invest an additional Rs.1,500 crore (Rs.15 billion) to expand its India operations over the next three years to rapidly grow its market share, a company executive said.

Panasonic plans to garner 20% market share in split AC sector

In 2008, Panasonic had less than one percent market share and it soared to six percent in 2010. Currently, the market share stands at 15 percent in the air-conditioners segment.