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

Last Updated: Friday, July 12, 2013, 13:13

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

Last Updated: Tuesday, May 21, 2013, 19:02

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.