LG bets on India as biggest global residential AC market, opens third plant
LG Electronics expects India to remain its largest residential AC market by volume, driven by low household penetration and rising demand. The company has set up a third local manufacturing facility and projects market share to expand from 7% to 12% over the next decade.
What happened
LG Electronics · LG expects India to remain its largest global market for residential ACs by volume, citing low penetration and growth potential. India ranks
Key facts
- 7% to 12% market share over 10 years
- third manufacturing facility
Why this matters
LG's deepening India manufacturing footprint raises the bar for rivals and opens M&A or JV windows around component suppliers, cold-chain logistics, and regional distribution platforms.