Assistant Editor, IndianRetailer.com & Retailer Media Mar 08, 2018 /
Consumer durable company, LG Electronics India, aims to sell more than 12, 00,000 units of air conditioners this year, a 50% increase from last years 800,000 units, said Vijay Babu Head-RAC, LG Electronics India.
The company launched 59 new models of inverter split air conditioner which according to the company are 100% ISEER (Indian Seasonal Energy Efficiency Ratio) compliant.
Babu further said, "Our market share in Inverter AC segment is 53% and through consistent consumer awareness we will target to create a huge base. Expected market size of inverter AC in 2018 is 31,00,000 units (which is a growth of 116%)."
The company currently has its manufacturing units in Noida and Pune with a total capacity to roll-out 14,00,000 units annually.
A Division Bench comprising Justice Tarun Agarwala and Justice Dinesh Gupta in August 5 judgement said \"we do not find any infirmity in the issuance of the notice\".
LG is offering customers the option of cashless payment using their credit/ debit cards and 7.5% cash back on HDFC card purchase is applicable on all consumer durables including phones.
Akai enjoyed sizeable operations in the late nineties through its range of televisions and home theatres, will be retailed by the Paras Group that has brought the license rights for the Indian market.
Akai is in talks with leading e-commerce channels as it expects a good volume from the online platform as its popularity is increasing.
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