Summary:
Kolkata, Oct 24 (PTI) Panasonic India after a strong September quarter is hopeful of robust demand during the festive season with Covid infection remaining under control, a top company official said.
The company was also planning to invest Rs 300 crore to manufacture compressors and heat exchangers under the country’s production linked investment (PLI) scheme.
"We have seen a growth of 18 per cent in June-September quarter 2021 versus last year and we expect to maintain this growth momentum throughout the season.
We are hopeful that this festive season will bring in the much awaited festive cheer for the industry," Panasonic India Chairman and CEO, Manish Sharma told PTI.
"A shift in consumer behaviour from price consciousness towards quality and value proposition.
We have expanded our home appliance segment, with the launch of 43 new models of refrigerator and 24 new models of washing machine to meet the rising demand, ahead of the festive season," he said.