LG bets on India as anchor of Global South play, targets doubled revenue by 2030
LG Electronics is positioning India at the heart of its Global South strategy alongside Saudi Arabia and Brazil, with a third factory in Sri City coming online end-2026. Localised Essential Series products target first-time appliance buyers in a market with just 20-30% penetration.
What happened
LG Electronics positions India as centerpiece of its Global South strategy, targeting doubled revenue across India, Saudi Arabia and Brazil by 2030. Third India
Key facts
- KRW 6.2 trillion 2025 revenue
- 20%+ growth since 2023
- 20-30% appliance penetration
- 8% YoY net profit decline Q1
- 55°C AC design
- 2030 target
Why this matters
A third LG factory by end-2026 raises the bar for local capacity in Indian durables and pressures rivals to accelerate JV, contract-manufacturing, or acquisition moves to defend share in entry-tier segments.