Page 2 - Panasonic

Panasonic's Q1 profit soars 27-fold on demand for car batteries, appliances

Panasonic, a key supplier of batteries to Tesla Inc, has moved away from low-margin consumer electronics

Panasonic sells Tesla stake for $3.6 billion, may use cash for investments

The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investing in growth

Panasonic sold its entire stake in Tesla last financial year: Nikkei

Japan's Panasonic Corp sold all of its stake in Tesla Inc last financial year which helped it earn billions of dollars in proceeds to fund new investments, the Nikkei business daily reported

Television prices likely to rise 3-4% in June, say industry players

Prices of LED televisions are expected to rise by 3-4 per cent this month as cost of panels have gone up in the global market besides an increase in logistics expenses. It will be the second hike by the manufacturers in the last three months. In April, the prices were hiked due to a rise in operating cost on account of increased ocean freight charges, and domestic transportation costs. Brands such as Panasonic, Haier and Thomson are considering increasing the prices of LED televisions. Panasonic India & South Asia President and CEO Manish Sharma said that in line with the commodity price increase, "we are also looking at increasing prices for some of the products in the range of 3-4 per cent". Haier Appliances India President Eric Braganza said there is no other option than to increase the price. "The panel prices have gone up. Everyone has been left with no option but to increase the price. Panel prices of 32 inches, which are largely sold in India, and large screen sizes (such)

Appliance firms staring at brief production halt amid lockdown

Panasonic set to shut its Jhajjar plant for a week starting Monday

Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion

This is Panasonic's biggest acquisition in a decade,

Panasonic to buy Blue Yonder for $6.5 bn in biggest deal since 2011: Report

It is the Japanese electronics firm's biggest acquisition since 2011

Panasonic aims to double AC business in next 3 yrs, invest in manufacturing

Consumer electronics major Panasonic India is aiming to double its residential airconditioning business in the next three years as it is betting big on new cutting age technologies

Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga

The change comes as Panasonic has begun to benefit from a partnership with Tesla, which was central to the incumbent chief's strategy.

Online sale of durables nearly doubles this season, grabs offline share

With consumers staying indoors, e-commerce firms have extended their reach to a larger number of pin codes

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Scheme for phone makers finds no takers amid coronavirus lockdown

Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.

Panasonic eyes 6% growth in FY20 to reach Rs 12000-cr sales target in India

The company expects that smart range would consist a substantial chunk of its consumer appliances business in coming years

Tesla extends stunning rally, stock surges 20% to cross the $900-mark

The latest surge was partly fuelled by Panasonic saying on Monday its automotive battery venture with Tesla was in the black for the first time

Panasonic's Indian subsidiary eyes Rs 500-cr revenue from solar business

In 2018-19, the company recorded a total revenue of Rs 3,410 crore and its solar segment registered Rs 152 crore revenue

SriCity emerges as prime manufacturing location, attract Rs 2236 cr in 2019

Ahead of 2020, eleven companies have kicked off the construction of their plants, while six others entered into the operational phase

Panasonic to set up manufacturing unit in AP, begin production from 2021

The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021

Panasonic to set up manufacturing unit in AP, begin production from 2021

The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021

Panasonic Lumix S1R Mirrorless Camera: Smart, feature-rich but a tad pricey

Lumix S1R camera ticks all the boxes when it comes to performance but it's heavy on the pocket too

Panasonic Solutions plans to open 31 more showrooms in India by 2020

These stores, which Panasonic has named as "Living Stores" will help improve the living condition, said Dinesh Aggarwal, Joint Managing Director of Panasonic Life Solutions India