LG to build third India factory in Sri City as country becomes top global RAC market
LG Electronics is anchoring a Made-in-India RAC strategy with a new Sri City plant to serve southern India and exports, calling India its largest residential AC market and a top-three HVAC market worldwide. AC penetration has climbed to 12% from 7% a year ago, even as component costs forced three price hikes.
LG Electronics calls India its top residential AC market and a top-three HVAC market globally, building a third factory in Sri City to support southern India, exports and a Made-in-India RAC strategy amid rising component costs.
Why this matters
Sri City builds on LG's India bets: scaling appliance rentals, premium-store soft launch, and doubling down on India as its top global RAC market despite cost-driven price hikes.
Retail-brand activity steady at 1,494 signals over the last 90 days.
Also reported by
- The Hindu BusinessLine — 2h after first sighting