LG bets on India as anchor of Global South play, targets doubled revenue by 2030
LG Electronics is positioning India at the heart of its Global South strategy alongside Saudi Arabia and Brazil, with a third factory in Sri City coming online end-2026. Localised Essential Series products target first-time appliance buyers in a market with just 20-30% penetration.
LG Electronics positions India as centerpiece of its Global South strategy, targeting doubled revenue across India, Saudi Arabia and Brazil by 2030. Third India factory in Sri City begins production end-2026; localised Essential Series products target first-time appliance buyers.
Why this matters
Reinforces LG's India-first emerging markets bet, following its earlier Global South anchor positioning and 2026 product roadmap moves like sustainability-certified TV lineups.
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