Moneycontrol Be a Pro
Get App
Last Updated : Sep 29, 2016 07:06 PM IST | Source: PTI

LG India eyes top slot in flat panels biz

"We are now in the second position in flat panel and hoping to achieve the top position by this Diwali," LG Electronics India head, corporate marketing, Niladri Datta said here.


Consumer durables major LG Electronics India today said it is looking for the top slot in flat panel business in the country.


"We are now in the second position in flat panel and hoping to achieve the top position by this Diwali," LG Electronics India head, corporate marketing, Niladri Datta said here.


"We are trailing by some two percentage points in the 23 percent panel market share and we want to gain it by this festive season," he said.

Close

Samsung is leading the flat panel business in India, the company said.


Datta said they were yet to decide on price revision despite cost pressure of four per cent due to rise in the price of panels.


"We are not revising price as of now and it will depend on market conditions," Datta said.

Speaking on the overall market, Datta said nationally the company aims at Rs 22,500 crore topline in 2016, while in the festive season, the business target is Rs 5,000 crore in September-November period.



Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 29, 2016 07:04 pm
Loading...
Sections
Follow us on
Available On