LG India Aims To Sell 12 lakh ACs This Year
LG India Aims To Sell 12 lakh ACs This Year

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.

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