LG to build third India factory in Sri City as country becomes top global RAC market
LG Electronics is anchoring a Made-in-India RAC strategy with a new Sri City plant to serve southern India and exports, calling India its largest residential AC market and a top-three HVAC market worldwide. AC penetration has climbed to 12% from 7% a year ago, even as component costs forced three price hikes.
What happened
LG Electronics calls India its top residential AC market and a top-three HVAC market globally, building a third factory in Sri City to support southern India,
Key facts
- 12% AC penetration
- 7% a year ago
- 3 price hikes
- top 3 HVAC market
Why this matters
LG's third-factory commitment validates India as an export hub for HVAC—scout bolt-on targets in compressor, copper tubing, and smart-controls suppliers before valuations reprice on the capex wave.
Also reported by
- The Hindu BusinessLine — 2h after first sighting