Have exited loss-making categories in India

Panasonic Life Solutions India has recently undertaken a strategic recalibration of its business, shifting focus towards growth segments and future-ready solutions.

- Tadashi Chiba, MD & CEO, Panasonic Life Solutions India

The Japanese electronics and appliance major is moving away from categories like washing machines and refrigerators, and instead focusing on home automation, B2B solutions, electricals and energy solutions.

Tadashi Chiba, MD & CEO, Panasonic Life Solutions India, speaks to Sudhir Chowdhary on the revamped business plan and outlook for the Indian market. Excerpts:

What led to the recent restructuring of business?

Panasonic first entered the Indian market in 1972 with dry cell battery operations and re-launched its operations in a big way in 2008.

Today, it has become a diversified technology company, delivering a wide range of B2B and B2C solutions.

In line with our global strategy and evolving market dynamics, the company is rebuilding operations to focus on future-ready growth segments such as home automation—heating, ventilation & air conditioning (HVAC)—commercial and residential, B2B solutions, electricals and energy solutions, etc.