NEW DELHI: LG Electronics India (LGEIL) has recorded sales revenue of Rs 25.35 billion for the period September-October.
According to the company, this festive season it has registered 49 per cent growth in its home appliance business. In the home appliance business, it has achieved 68 per cent growth in refrigerators segment, 60 per cent growth in washing machines category and over 41 per cent in microwave ovens segment.
LGEIL managing director Moon B Shin said, “The festive season has seen LG Electronics continue to generate significant growth with a portfolio of products spread across the widest variety of price points in the company’s history.
"We have introduced high end products that not only provide the right technology but also suit the new age lifestyles of Indian consumer. This also confirms consumers shifting preferences towards exercising affirmative choice to buy high quality reliable products rather than bargain hunting.”
The company says that its festive campaign which included 'Welcome to our Home', exciting new product launches, free service camps and festival/product communication has been appreciated across the country and LGEIL has received an excellent response from its customers.
"The results make us more confident of being able to build on the success and further augment our growth with more consumers oriented and feature rich products to achieve our target by this year-end”, Shin added.
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