Home » Business » Panasonic to focus on Indian car market
Consumer electronics major Panasonic on Monday announced the setting up of an internal division, Panasonic Automotive Systems India, to focus on the Indian automotive sector.
The new division aims at developing a sales structure, which will enable quick response to the Indian automotive market, facilitated by fast decision-making and sales strategy catering to local needs, it added.
The company, as part of its global business strategy to strengthen its presence in emerging countries, will strive to take advantage of the rapidly-growing Indian market for car electronics, it said. Since its establishment in January 2003, the division has expanded its business overseas by establishing operations in North America, Europe, China and Thailand.
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