Announcing the launch of Air Conditioners, Dr. Y.V Verma, COO, LGEIL said, “With this new Air conditioners range we further strengthen our leadership position in Air Conditioners. We plan to acquire a market share of 32% in Air Conditioners by end of 2011. With a total investment of Rs. 80 crore in marketing and a manufacturing investment of Rs. 70 crore along with vast after sales service network, we aim to deliver energised and healthy world to our consumers by LG Air Conditioners.”
Speaking at the launch, Mr. Sewoo Park, VP of AC Overseas Markeing, Air Conditioning & Engergy solution Company, LG Electronics, Inc. said, “For LG, India holds utmost importance in the air conditioner category, as we are the leading player in this segment in the country. With a fantastic sales card for last year, we are introducing 51 news models of AC’s this year only with the hope to up the sales number.”
Price range: From Rs 10,000 to Rs 55,000.
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