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LG India looks to beef up B2B segment with more offerings

Press Trust of India  |  New Delhi 

Electronics has plans to add more offerings under its portfolio as the company looks this segment as "future business", a top said Friday.

As a result, the company expects its segment's contribution to increase significantly in its turnover in the coming years.

"is our future We are gaining our market share in segments like and digital signage market," Electronics told

In other areas also, like commercial air-conditioning, "we are gaining market share. We have made a remarkable growth in commercial air conditioning area," he said.

At present, generates around 8 to 10 per cent of its total sales from the B2B segment in

According to reports, India had a turnover of around Rs 16,000 crore to Rs 17,000 crore in FY 2016-17.

The company would also continue to launch products and add more verticals in its offerings every year in the consumer segment.

"We had launched new products like water purifier, air purifier and this year, we would launch ceiling fans which would have function like Artificial Intelligence (AI)," it said.

Friday introduced an innovative Landmark Signage - the first of its kind in India, made using 63 flexible curved panels.

"This would help the consumer to understand about LG and its new in the OLED," he said adding that it has been made using 63 custom-made curved panels.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 20:40 IST