Japanese electronics giant, Panasonic’s India unit plans to invest Rs 250 crore towards setting up a manufacturing plant for refrigerators and is also drawing up plans for a unit to make mobile phones.

The company is evaluating Jhajjar in Haryana, and several locations in Maharashtra for the refrigerator plant, which will be functional in two years. It is also investing Rs 20 crore on an assembly unit for lithium ion batteries in the next 8-10 months at its existing facility in Jhajjar.

Currently, Panasonic manufactures air-conditioners, televisions, kitchen appliances, and welding systems in the country.

The company has also recently started local production of mobile phones in partnership with a third-party manufacturer Dixon, which produces around 24,000 units per day. The company currently manufactures nine models but in six months will shift the production of all 12 models to India from China where only the premium models are manufactured.