The late entrant is banking on rapid launches, focused distribution and higher localisation to get 5 million of the market this year. Will it succeed?
LG Electronics India on Thursday said it will launch several new products -- including laptops and notebook computers -- and offer up to 20 models of GSM mobile phones in the Indian market.
Market leader with 20.6% share in the air conditioning segment.
Tribunal ruling in I-T's favour may open floodgates to claims against other MNCs.
LG Electronics, the official global partner of the ICC Cricket World Cup, will be launching a limited edition of official 29-inch colour televisions in India.
The handset features a 5-inch IPS display with 2,540 mAh battery combined with 1.3 GHz quad core processor.
Leading white goods manufacturer, LG Electronics would invest nearly Rs 400 crore (Rs 4 billion) this year in India towards expansion of its existing manufacturing facilities.
South Korean consumer goods major LG Electronics on Monday said it would increase prices of its home appliances by 3 to 5 per cent due to the fall in rupee.
The company aims to recruit 10,000 people by the end of this year as a part of its branding strategy to focus on service and move away from discounting. In the initial phase the company has entered into agreements with ITIs in the states like Maharashtra, Gujarat, Delhi, Punjab, Assam, Karnataka and is in the last leg of signing with Uttar Pradesh.
LG Electronics on Tuesday said it was planning to launch 14 new colour television models, including projection TVs of 44 and 54 inch sizes.
LG Electronics India (Pvt) Ltd would start manufacturing CDMA mobile handsets at its Pune facility in keeping with its plan to make India a manufacturing and export hub.
A bench headed by Justice Arijit Pasayat while seeking reply from the companies also tagged the petitions with other similar petitions pending before it. It may be noted that more than 100 petitions have been filed from all over the country on the issue. The Uttar Pradesh government had challenged the high court judgement that held that there was no material sufficient to establish that the amount collected as tax was in proportion to the facilities provided to the traders.
South Korean giant LG Electronics is working on using technology to revamp its product line by next year, based on three key parameters.
LG Electronics India Ltd on Monday said it was targeting about Rs 300 crore (Rs 3 billion) revenues from sale of GSM handsets in Indian market this year.
Plans to take on Apple Inc's dominance in the popular small-sized tablet market.
Consumer electronics company LG Electronics India Ltd on Tuesday signed an agreement with the Maharashtra government to set up its second greenfield facility at Ranjangaon.
Indeed, where other industries complained of poor demand, festival season sales for consumer electronics grew 30-35 per cent year on year, boosting average growth for the year from 7-8 per cent to 10 per cent. In fact, it was the durable sector which drove industrial growth of 4.8 per cent in September.
LG Electronics India Ltd on Friday announced the launch of 'Centrino' range of notebook personal computers in India with a target to sell about 7,200 units in the market this year.\n\n\n\n
LG electronics India Ltd would invest Rs 55 crore (Rs 550 million) in plant and machinery and product development in the country, which would include manufacturing front-loading washing machines.
Over 60 companies are ready to launch IPOs in the coming months.
LG Electronics on Wednesday said it plans to spend close to Rs 50 crore (Rs 500 million) on cricket related activities this year by acquiring title sponsorship rights of some matches and on advertising around these events.
Many high-profile IPOs in India since 2021 have destroyed investor wealth due to overvaluation, weak business models, and post-listing disinterest, turning 1 lakh investments into as little as 3,500.
Delhi Lt Governor V K Saxena has recommended an NIA probe against Chief Minister Arvind Kejriwal for allegedly receiving political funding from the banned terrorist organisation 'Sikhs for Justice', Raj Niwas sources said on Monday.
Electronics, IT goods makers HCL Infosystems, HP, LG Electronics and Zenith are raising prices of personal computers (laptops and desktops), LCDs and plasma TVs, and IT peripherals for the first time this year by as much as 13 per cent to offset higher cost of inputs triggered by a falling rupee. The move may nudge inflation further crimping consumer spending.
With their seven-year association coming to an end after the World Cup, International Cricket Council's sponsors such as LG Electronics, Pepsi and Hero Honda seem to be having second thoughts on renewing the deal.
The Customer Complaints Council pulled up Hindustan Unilever Ltd (HUL) for advertisement of its water purifier product 'Pureit Ultima'.
