The well known Japanese electronics producer Panasonic’s Indian arm, Panasonic India revealed its intentions to enter the country’s automotive market by 2012.
The company said that it already has a good position on India’s in-car entertainment (ICE) systems market and, at the present time, is negotiating with the country’s top carmakers in order to sell its products to them. Panasonic intends to introduce these products in late 2011 and has consequently set a high financial goal.
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