LG is aiming for a 20 per cent rise in revenues from India to Rs.20,000 crore in 2013.
“We have grown in the past years because of our focus on the products mainly for Indian consumers. So that will remain our primary focus as always… We are expecting Rs.20,000 crore revenues in 2013, up 20 per cent from Rs.16,000 crore in the previous year year,” LG Electronics India Managing Director Soon Kwon told this correspondent.
India is at present the fifth largest market for the Korean major, with a contribution of about 6 per cent to global revenues.
Mr. Kwon said India was likely to be one of the top three markets for the company in the next three years if the economic situation improved.
“Our company’s rise is also dependant on the overall economic sentiment here. I believe India should go up to the top three markets for LG in the next three years,” he added.
At present, the U.S. is the largest market for LG globally, followed by South Korea, Brazil and Russia.
70 new products
The company, on Tuesday, displayed 70 new products, among which many would be launched in India this year. The array of products displayed, included a TV, which the company claimed to be the world’s slimmest one, pocket photo printer, a sing along system and ever cool refrigerators that have ability to retain cooling for few hours without electricity.
Keywords: LG Electronics