Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG to Increase Indian Sales, Market Share
Dec 7, 2004
 Printable format
 Email this Article
 Search

Appliance and consumer electronics maker, LG Electronics, said it hopes to increase its total digital appliance sale revenues from India.

"We expect to increase our revenues from India to around 10 percent by 2007 and will focus on selling premium segment products in India," Moon B Shin, vice president, digital appliance overseas sales and marketing, said.

The company's present revenue from India is around Rs 65 billion (approx. U.S. $1.5 billion), which is over 5 percent of its total global sales revenue.

LG said it would sell high-end refrigerators, washing machines, microwave ovens, and air-conditioners in the country, while attempting to gain a higher market share in the vacuum cleaner segment, Mr. Shin said.

According to the company, it currently has a 25 percent market share in appliances, a 28 percent share in refrigerators, a 42 percent share in microwaves, and a 40 to 48 percent share in air-conditioners.

In addition to focusing on premium products in India, LG said it would also introduce products in various price ranges to cater to the diverse customer segment in the country. "India has a large market of our goods, and is only next to China in market size," Mr. Shin said. "However, we expect that in the next two decades, India would overtake China."

LG Electronics India, a wholly-owned subsidiary of the company, had previously announced investing $150 million for setting up manufacturing facilities in India. (PTI)

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows