Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

LG Electronics AC production to go up by 25 percent this year

- Advertisement -

LG Electronics plans to increase its air conditioner production capacity from 12 lakhs units per year to 15 lakh units per year by the end of this calendar year.

LG Electronics, AC, air condition, manufacturing, production, India
Image for representational purpose only

LG at present have manufacturing units at Noida and Pune. Noida unit currently caters to the South and West parts of the nation while Pune caters to North and East. Both the units have a capacity of 6 lakh units per year each at present.

LG Electronics India, Business Head, Air Conditioners, Vijay Babu, told Telangana Today, “We are also exporting to other countries from the existing manufacturing facilities, but domestic market occupies a major portion of the supplies from these plants. The company is also making inverters here. The research and development is currently focused at Noida facility. Since Pune is near southern market, we are not currently exploring a facility in South at present.”

- Advertisement -

Telengana Today reported that LG has clocked sales of 8.5 lakh AC units in calendar year 2017, up 34 per cent from 2016 levels. The company claims a market share of 53 per cent in the inverter AC segment and 19 per cent of the total room AC market in the country.

The company in the first quarter of 2018 has seen 50 per cent growth in its sales. It currently has 32 3-star and 19 5-star models in the market in the price range of Rs 41,000 to Rs 65,000.

“We have launched air purifiers in Delhi. We have sold around 1,000 units in Delhi. We could foray into Mumbai, Kolkata, Hyderabad and Chennai in the second half of 2018. There are 2-3 major players eyeing this market at present.”

The company has 4,000 technicians and 5,000 sales professional spread across the country. The company is also expanding its service centres in the country. It has 12 service centres in Hyderabad, up from eight last year.

 

- Advertisement -

Most Popular Articles

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...
Mercedes Benz

Mercedes Benz Initiates Q4 2024 EQ Sales Challenge To Boost Sales In US EV...

0
The incentive comprises a $2,000 bonus per EV sale, with an additional $1,000 available for dealers meeting specific monthly sales targets. Mercedes-Benz has initiated the...
Stellantis-Infineon Partnership

Stellantis Partners Infineon To Develop Power Architecture For Next-Gen EVs

0
Infineon has an overall market share of 29 percent in the international automotive microcontroller market. The global automotive manufacturing company Stallintis has partnered with Infineon...

KeenSemi Partners With VLSI Expert To Upskill Engineers

0
Boosting India's tech ecosystem, KeenSemi partners with VLSI Expert to address the semiconductor talent shortage, offering intensive training for engineers. Semiconductor designer KeenSemi has signed...
EV Scheme-India

Union Cabinet To Revamp New EV Scheme To Bolster Investments From Global EV Firms

0
In the second workshop, feedback from numerous companies who are keen to import high-end vehicles at reduced taxes will be collated. In an effort to...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...
Mercedes Benz

Mercedes Benz Initiates Q4 2024 EQ Sales Challenge To Boost Sales In US EV...

0
The incentive comprises a $2,000 bonus per EV sale, with an additional $1,000 available for dealers meeting specific monthly sales targets. Mercedes-Benz has initiated the...
Stellantis-Infineon Partnership

Stellantis Partners Infineon To Develop Power Architecture For Next-Gen EVs

0
Infineon has an overall market share of 29 percent in the international automotive microcontroller market. The global automotive manufacturing company Stallintis has partnered with Infineon...

KeenSemi Partners With VLSI Expert To Upskill Engineers

0
Boosting India's tech ecosystem, KeenSemi partners with VLSI Expert to address the semiconductor talent shortage, offering intensive training for engineers. Semiconductor designer KeenSemi has signed...
EV Scheme-India

Union Cabinet To Revamp New EV Scheme To Bolster Investments From Global EV Firms

0
In the second workshop, feedback from numerous companies who are keen to import high-end vehicles at reduced taxes will be collated. In an effort to...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...