Panasonic is restructuring its appliance portfolio: expanding AC manufacturing in India (4x capacity by 2028, targeting 8% market share) while exiting TV production by closing its Malaysia factory in September 2026. The company is outsourcing mass-market TVs to Chinese partners like TCL and Skyworth, retaining only Taiwan production for local markets. This reflects broader industry consolidation where Japanese manufacturers cede low-margin TV business to Chinese competitors while doubling down on higher-margin categories like climate control.