IBG News had reported earlier about LG India Tech show that took place in Mumbai this April end (http://ibgnews.com/lg-showcases-signature-series-at-tech-show-2016/). The same CES made its debut in Kolkata today a couple of days back.
We were now first-hand witness to its latest Signature Series lineup comprising OLED 4K TV with Dolby Vision, Twin Wash Washing Machine, Knock-on Door-in-Door Refrigerator and Air Purifier as well as Smart phone LG Stylus 2 Plus and CordZero Handstick Vacuum Cleaner.
Kim-KI-Wan, MD – LG Electronics India rolled out the afternoon with a warm welcome going on to mention, ”Till last year the CES was accessible only to the trade but it’s now open to Indian consumers.” Towards the end he solicited support from the gathered media perhaps in an attempt to shore up its mixed fortunes. While Tv sets and washing machines are its best sellers, it has taken a sizable hit in Smartphone. Overall, though picture from the east is decent – 14% of contribution to India turnover comes from this sector as opposed to about 12% for rest. And they are set to step it up this year with adding 3 more outlets to its existing 12, aiming at 21% increment in growth rate and 2000 Cr INR turnover, up from 1650 Cr INR. India turnover last year stood at 20,000 Cr INR.