LG hopes for 30% increase in sales of home entertainment products

South Korean electronics major LG is looking at a 30% increase in sales at Rs 7,150 crore from its home entertainment division in India this year on the back of good festive season demand.
"We are expecting 30% increase in turnover in our home entertainment division in 2016. Festive season sales are good on better sentiments and economic stability," Hyun Woo (Howard) Lee, Director - Home Entertainment, LG Electronics told . The company's home entertainment division reported a turnover of Rs 5,500 crore in 2015. When asked if the company is looking at any price increase due to increase in input costs, Lee said: "Usually in festive season price point (of products) is lower. However, price of TV's major component module or panel has gone up by 10-15% (and) it is still going up... Regarding any increase as of now I cannot say. We are struggling to reduce other costs." The company today flagged off its CSR campaign along with Smile Foundation on mosquito menace in Delhi NCR. The campaign -- Save your family, save the community -- will focus on awareness, prevention and cure.
"We at LG develop products based on customer insights. We have two products as well -- TV and ACs -- with mosquito away technology," he said.
When asked if the company is looking at introducing this technology with other products, Lee said: "We are working on few things but I cannot disclose at this time."

Related posts

Latest News

Chinese smartphone maker Oppo is all set to launch Oppo R9s along with Oppo R9S

Taiwanese smartphone maker HTC is reportedly working on a new series of smartpho

So far, OnePlus has not revealed any information about its rumoured OnePlus 3T s

The latest developments surrounding the consumer-electronics show in Las Vegas k

Microsoft didn't just showed its Windows 10 Creator's Update prowess and the ove

Experienced this? Doing something important on your smartphone and suddenly the

Vodafone Business Services (VBS), Vodafone India's enterprise arm, has unveiled

Several reports in the past couple of weeks have been suggesting that OnePlus wi

Apple CEO Tim Cook has wished peace and happiness to everyone this Diwali. This

HTC, a smartphone maker based in Taiwan, announced its new flagship device on Tu