LG Electronics India expects 20 percent rise in sales this year


LG Electronics India is expecting a 20 percent growth in sales in the current year, which will be higher than industry growth of consumer durables.

LG Electronics, sales, revenue, India

Unveiling the products for the Onam festival, Sanjiv Agarwal, sales head, said the company is expecting to touch a turnover of 22,000 crore this year (January to December).

In Kerala, the company is targeting a sales of Rs 550 crore during the Onam season. This is 20 percent higher than the same period in the previous year. For the whole year the company is expecting a total sales of Rs 1200 crore in the state. Kerala accounts for 5 percent of its national sales.

He said the company may not go for a third manufacturing unit as the current two production facilities have the required capacity to meet the demand.

By Baishakhi Dutta