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domestic demand, premium portfolio
Mint New Delhi
|October 02, 2025
Sri City, Andhra Pradesh, with an investment of $600 million (₹5,001 crore) over four years. Operations are expected to start by 2026.
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The Andhra Pradesh plant is also expected to boost exports, a key growth driver for the company. At present, LG's exports account for about 6% of India's business, and comprise mid-segment refrigerators and washing machines that are shipped to markets in Asia, Africa, and the Middle East. With the addition of premium production lines including side-by-side refrigerators and OLED TVs, LG expects to export to more markets and achieve economies of scale.
This story is from the October 02, 2025 edition of Mint New Delhi.
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