LG bets on India as Global South anchor, eyes revenue doubling by 2030
LG Electronics is positioning India as the centrepiece of its Global South playbook, targeting a doubling of combined India-Saudi-Brazil revenue by 2030. A third India plant at Sri City lands in 2026, while a localised Essential Series courts first-time appliance buyers despite an 8% YoY profit dip last quarter.
What happened
LG Electronics positions India as centrepiece of its Global South strategy, aiming to double combined India-Saudi-Brazil revenue by 2030. Third India factory in
Key facts
- KRW 6.2 trillion 2025 revenue
- 20%+ growth since 2023
- 20-30% appliance penetration
- 8% YoY net profit decline Mar quarter
- double revenue by 2030
- 55°C AC engineering
Why this matters
Third India plant plus Essential Series signals LG locking premium and entry tiers simultaneously—scout local component, logistics, and D2C appliance targets before valuations reprice.