Briefing reporters, Panasonic India Managing Director Hidenori Aso said the combined entity has pegged an ambitious business turnover of US$2 billion by March 2012 in India in the next one and a hlaf year. These cheaper varieties of the new joint venture would be available at a cost 15 to 20 per cent less than those available under Panasonic brand.
The company would introduce a new category of small sized refrigerators and air-conditioners for mass at a reduced price.
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