LG Electronics is set to ramp up its operations in India through a multi-pronged strategy that includes scaling production, expanding its B2B business, and focusing on premiumisation.

The company is investing USD 600 million in a third manufacturing facility in Sri City, Andhra Pradesh — three times larger than its current plants, with production expected to begin by Diwali 2026 and full completion by 2029. Alongside, LG is increasing localisation efforts, currently sourcing 54 percent of its components in-house to improve margins.

The company is also strengthening its B2B portfolio, including HVAC systems, e-blackboards, and display panels, and expanding into tier-II-and-III cities. LG's management expects India's USD 41 billion consumer electronics market (excluding mobiles) to grow at a 14 percent CAGR, with premium products rising from 17 percent to 25–27 percent share.