Panasonic to focus on Indian auto market

05 Apr 2010

1

Mumbai: Japanese consumer electronics maker Panasonic today said it had formed automotive sector-focused entity in India.

Panasonic Automotive Systems India (PASI), an internal arm of Panasonic India Pvt. Ltd, will focus on sales and support of in-car equipment and systems such as multimedia equipment, safety, environmental protection and power management, in India's rapidly growing automobile sector. 

 According to Panasonic, the new company would have a sales structure responds quickly to the Indian automotive market, facilitated by fast decision-making and sales strategy catering to the local needs. The company, as part of Panasonic's global business strategy to strengthen its presence in emerging countries including India, will strive to take advantage of the rapidly-growing Indian market for car electronics.

 Automobile production in India is expected to have reached 2.4 million cars in the year to March 2010, an increase of 17 per cent over the previous year. Panasonic expects the number will exceed 4 million cars in 2015 as major auto makers continue to invest aggressively.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers