Skyworth Group, the China-based TV and appliance maker, is partnering with India’s Jaina Group to manufacture and sell Panasonic-branded televisions in India. Industry sources say Jaina is likely to hold at least a 51% stake, while Skyworth takes the remainder, though the exact structure wasn’t disclosed. The agreement was signed in China and the partners plan to launch a new product range next month. The JV also aims to build local supply chain capabilities, building on Jaina’s recent role as Panasonic’s distribution partner in India.
Samsung Electronics has appointed a new leader for its TV division, citing mounting pressure from fast-moving Chinese manufacturers. The change aims to inject fresh strategy as Samsung’s TV business faces tougher market conditions and recent profit declines. With rivals intensifying competition, the new TV chief will be expected to steer product and market moves to regain momentum.
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