BusinessIndia

LG Electronics to launch more devices by fiscal end; no current plans to set up another unit

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Hyderabad, Jun 28 (GCBusiness) LG Electronics , which has launched opulent W-Series smartphone range- W10, W30 and W 30 pro-manufactured in India here on Thursday, was planning to roll out two more devices under the series as well as introduce more devices in Q and G Series by this year end.

The new smartphones price ranging from Rs 8,000-Rs 15,000 and the W Series devices had been completely designed , developed and manufactured in India only , LG India Business head (Mobiles ) Advait Vaidya told reporters on the occasion.

The company plans to sell one million units from its W Series in 2019, he said the Rs 8,000-Rs 15,000 price range segment was growing fast at a rate of 20-25 per cent year-on-year in the country while the broader smartphone category was set to grow at 12-15 per cent year-on-year.

As a part of the national roll out, the company has introduced three devices under W series in Telangana market, Mr Vaidya said the series claims to offer best-in-class cameras, display, battery and other features.

W10 is priced at Rs 8,999, W30 is priced at Rs 9,999 , but the company has not disclosed the price of W30 Pro as it was available on Amazon platform only.

LG which sells 5 G device LG V50 in the US and Korea, plans to roll out this device in India in the second half of 2020, he informed.

To a question, he said that we have no current plans to set up a another unit in the country but we are keen to increase the production capacity at the existing units in Pune and Greater Noida depending on the demand in the country.

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Source
Via UNI-India

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