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South Korean consumer electronics major LG is eyeing double digit growth in turnover this fiscal on the back of its portfolio of premium products, a top company official said today. "We are expecting a double digit growth in the current financial year. Our product range and product leadership (in different in product segments such as television) has improved..customer feedback on our premium products is very good.
We expect good growth this fiscal," LG Electronics India Managing Director Ki Wan Kim told PTI. LG Electronics had reported turnover of Rs 22,000 crore in the previous fiscal. "Growth in premium products is much more than mass market products," he added. LG Electronics India and Bajaj Finance Ltd, lending arm of Bajaj Finserv today launched an exclusive co-branded card. The co-branded card will enable customers to buy all LG products at no cost EMI (equated monthly instalment) option across all LG formats. It will be available to customers buying LG products on a minimum invoice amount of Rs 7,000 and maximum of up to Rs 2,00,000. The customer has an option to select the repayment tenure between 8 to 24 months. Bajaj Finance said at present it has 9.8 million EMI card users with a 30 per cent market share in the consumer finance business.
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