LG Electronics hits record sales in India, paving way for 2025 IPO

Quick Summary:

India's consumer market holds vast growth potential and is also emerging as a key global manufacturing hub thanks to its abundant labor force," said a consumer electronics industry official.“With its industries still in its early stages, LG Electronics sees significant growth potential in its business-to-business (B2B) operations," he added.

Its net profit surged 43.4% on-year to 331.8 billion won.“LG Electronics has been growing rapidly in India, having established itself as a household brand in the country,” said a company official.

LG Electronics Inc.posted its largest-ever sales in India in 2024, providing a boost to the planned initial public offering of its Indian unit this year.

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Category: Economy

Markets: South KoreaChinaHong KongIndiaSingapore

Topics: Country Billion South Market India’s Company Indian Korean Electronics India Year

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Article Type: News Report

Published On: 2025-02-25 @ 19:26:59 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 412 words

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Sentences: 21 lines

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News ID: 26430939

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