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AC industry expects double-digit growth, over 11.5 mn unit sales this season

The sale of energy-efficient 5-star inverter-technology-based models will have a higher contribution from metro cities and other big marketsNew Delhi: The sale of air conditioners has seen a relatively slow start, contrary to expectations, but manufacturers remain confident of...

LG Electronics enters self-laundry service in India, to invest $4 mn in 2024

LG Electronics is planning to open 200 such self-laundry service centres by the end of this yearNew Delhi: Leading home appliances maker LG Electronics India on Wednesday announced its entry into the self-laundry services space, where it is planning...

Premiumisation, investments to propel appliances, consumer electronics industry in 2024

The industry is expected to grow around 10% in 2024 as players offer more premium products, cater to rising demand for smart appliances and make more investments after significant business tailwinds this yearNew Delhi: The country's appliances and consumer...

Consumer durables makers expect 20 pc festive season sales uptick

Expecting to garner over 20 per cent growth in sales during the festival season, consumer durables manufacturers are focusing on new launches, higher spending on marketing and innovative offers. "The industry is optimistic as companies on average have increased their...

LG launches 'Mosquito Away TV' priced up to Rs 47,500

South Korean consumer electronics major LG has launched its new range 'Mosquito Away TV', which acts as mosquito repellent, in India priced between Rs Rs 26,900 and Rs 47,500. "The LG Mosquito Away TV, developed as per the Indian insights...

Saif Iqbal, GM and Head – E-commerce and Online, LG Electronics

Saif Iqbal GM and Head – E-commerce and Online LG Electronics LG Electronics India has hired Saif Iqbal to shape its e-commerce strategy by December. India's largest white goods maker plans to launch televisions, white goods and smartphones exclusively for online sales...

LG to manufacture 1 million smartphone units in India

South Korean electronics major LG on Friday reasserted its commitment to the Make in India initiative and in keeping with this obligation, launched two locally-made smartphones. The instruments were launched by Telecom Minister Ravi Shankar Prasad. The company plans to manufacture...

Bang & Olufsen join hands with LG for long term gains

Bang & Olufsen and LG Electronics have joined hands for a strategic technology partnership. This unison would work towards the development and production of its televisions, as revealed by the Danish company on Friday to The Economic Times. In a...

Fast changing consumer preferences in CDIT industry and likely future trends

India is witnessing a transformation in consumer behaviour and preferences today. The fast growing CDIT retail market, currently valued at Rs. 1,50,000 crore, is also evolving in terms of fast-changing consumer landscape. The CDIT industry, which is currently growing...

LG India targets Rs 1,000 crore revenue from new B2B biz

Korean consumer durable maker LG Electronics entered the country's business solutions space on Tuesday. It is eyeing Rs 1,000 crore in revenues from the segment by 2014.The business solution offering of LG includes digital menu boards for restaurants, digital...
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FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...
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