Appliances, display biz to add 50% to India topline in 3 yrs: Samsung

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Appliances, display biz to add 50% to India topline in 3 yrs: Samsung - Business Standard

Quick Summary:

The current penetration of consumer electronic products in India is still low, a major market for the South Korean Chaebol, however, it is expected to scale up, helped by factors such as the rise of the Indian economy and middle class.

Samsung is aggressively expanding its play into the consumer electronics segment by democratising the latest features such as AI in the appliances and display segment (QLED and OLED TVs), which is helping it to gain significant market share in the premium segment.

Consumer electronics major Samsung expects its appliances and display business to scale up substantially in India, contributing to half of the topline in the next three years, J B Park, President & CEO of Southwest Asia has said.