According to Japan’s Sankei Shimbun on December 3, Japan’s Matsushita Electric Co., Ltd. announced on the 2nd of this month that it will begin production of welding machines in India starting in August 2012. The welding machine is mainly used in the production and installation of transportation tools such as automobiles and railways. Panasonic's total investment is about 1.4 billion yen (about 110 million yuan). The reason for setting up a welding machine production base in India is that as the country's economy continues to grow, the demand for welding is increasing. India has also become the second stronghold for overseas production of Panasonic welding machines in China.
The production base is located in the suburb of Halia, the capital of New Delhi, with an annual output of 25,000 units and a staff of about 120. The sales target for India in the next 8 years is 10 billion yen (about 800 million yuan). ).
Panasonic's subsidiary "Panasonic Welding" invested about 1.8 billion yen (about RMB 150 million) to set up an Indian branch. In addition to the production and sales of welding machines, the branch will also sell from Japanese imported welding robots. Panasonic currently has a market share of approximately 10% in the Indian welding machine market, with the goal of increasing its market share to 30% by 2018.