LG bets on India as biggest global residential AC market, opens third plant
LG Electronics expects India to remain its largest residential AC market by volume, driven by low household penetration and rising demand. The company has set up a third local manufacturing facility and projects market share to expand from 7% to 12% over the next decade.
LG expects India to remain its largest global market for residential ACs by volume, citing low penetration and growth potential. India ranks among top three HVAC markets; LG has set up a third local manufacturing facility.
Why this matters
Reinforces LG's India-as-anchor strategy seen in recent signals targeting doubled revenue by 2030 and Global South expansion. The third plant operationalizes that ambition with local capacity.
Retail-brand activity steady at 1,470 signals over the past 90 days.