Japanese brand with active Chinese links
Year Established: 1918
Headquarters: Osaka, Japan
Parent: Panasonic Corporation
Panasonic is a Japanese electronics company with a global footprint. The company started as a light bulb socket manufacturer in 1918 and is now one of the world’s largest corporations. Panasonic offers a wide range of products and is quite popular and trusted as a brand in the Indian market.
The company has manufacturing facilities in Haryana and Tamil Nadu where a bulk of their products are assembled. That being said, Panasonic recently opened a manufacturing hub in China, and it doesn’t look like they will be moving out of the country any time soon. It shouldn’t concern Indian buyers because the products they sell in India are largely produced here itself. So, just to be safe, next time you do buy a Panasonic product, make sure it’s ‘Made in India’ and not China.
Chinese Presence in Top Management: no
Nationality of Chairman/CEO: Japanese
Nationality of Top 3 Shareholders: Japanese
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