As a result, the company expects its B2B segment's contribution to increase significantly in its turnover in the coming years.
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.
According to reports, LG Electronics 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 business 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.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)