LG bets India stays its biggest AC market as penetration crawls from 7% to 12%
LG Electronics expects India to remain its largest residential AC market globally by volume, citing room to grow as household penetration sits at just 12%. India ranks in LG's top 3 HVAC markets worldwide; a third local manufacturing facility is planned to support volume and commercial AC expansion.
LG expects India to remain its largest global residential AC market by sales volume, citing low penetration (12%) and growth potential. India is among LG's top three HVAC markets; company sees room to expand commercial AC business.
Why this matters
Reinforces LG's India-as-anchor strategy seen in its Global South push and 2030 revenue doubling target, with a third plant operationalizing the AC volume bet.
Retail-brand signals steady at 1,473 over the last 90 days.