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TN: Rajinikanth's party will fight on all 234 seats

Earlier on Thursday, putting an end to all speculations, Rajnikanth had announced that he would launch his political party in January ...
The Economic Times
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| 06 December, 2020, 05:59 AM IST | E-Paper
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    SEARCHED FOR:LG ELECTRONICS INDIA

    Consumer electronics cos bank on festive season to boost sales

    With the Indian consumer electronics market growing by merely 6-8% this year, industry biggies like Samsung, LG, Godrej and Whirlpool are taking no chances for the upcoming festive season.

    LG to double R&D investment in India to Rs 400 cr

    LG Electronics plans to double annual R & D investment in India to Rs 400 crore from the current year.

    LG India to spend Rs 500 cr on R&D and advertising this year

    Electronics major LG India plans to invest Rs 500 crore on research and development activities as well as advertising home appliances this year.

    • Leading consumer electronics makers from LG, Philips, Samsung and Godrej seem smitten by the health bug like never before.

      Korean consumer electronic major LG India is planning to expand its manufacturing capacities and product exports from India for LG’s global operations to save cost, amidst the slowdown.

      The microwave market - its growth had slowed down last year - is expected to pick up steam as the year progresses, with consumer durable majors, including LG Electronics, Samsung and Godrej Appliances, all targeting growth of anywhere between 22% and 50%.

      After flat screens, TV sets are getting more slim and trim. India’s leading TV makers like Samsung, LG and Philips are innovating big time to make their TV models more sleek.

      Consumer durables major LG Electronics India (LGEIL) on Tuesday said it is eying 35 per cent market share in the estimated 14.5 lakh units Indian flat panel display market this year with the launch of its new range of 'Scarlet series' of LCD televisions in the country.

      The Indian television market is set to witness the latest high-end technology product, LED TV, with leading consumer electronics majors like Samsung, LG, Panasonic and TCL planning to introduce their offerings within the next few months.

      At a time when the LCD/Plasma TV market has sustained its growth rate in India despite the economic slowdown, leading consumer electronic majors like Samsung, LG and TCL are gearing up to foray into a new category this year - LED TV.

      In a bid to insulate from the slowdown in consumer demand, LG Electronics India has decided to focus heavily on rural markets.

      LG Electronics on Wednesday announced a series of offers for the cricket fans.

      In a bid to ensure steady cash flow, consumer electronic companies have started tightening their credit terms for distributors/dealers and the supply-chain system.

      With sales falling by about 70% post-Diwali, consumer electronics majors like LG, Samsung, Sony and Godrej are betting on Santa to tide over the bad times.

      Korean electronics major LG is looking at selling one million monitors during this fiscal, a senior company executive said.

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