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LG Electronics parent company CEO Lyu Jae-cheol stated about target of doubling revenue from India

ICICIdirect Research 12 Jun 2026 DISCLAIMER

News: LG Electronics parent company CEO Lyu Jae-cheol stated about target of doubling revenue from India, Brazil and Saudi Arabia by 2030, underscoring the strategic importance of these high-growth markets. CEO Lyu Jae-cheol highlighted that the company is accelerating investments in manufacturing, exports, premium appliances and AI-powered home solutions across these markets. 

View: LG Electronics India is expected to play a central role in LG’s Global South strategy alongside Brazil and Saudi Arabia. LG India through its commencement of Sri City plant shall double the production capacity. It is investing ~₹5,000 crore for Sri City expansion. Alongside, LG India aims to significantly increase its exports from current 6-7% to double digits. These two things shall boost the company’s overall revenue alongwith rising premiumisation and smart-home adoption.

Impact: Positive

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