LG Electronics clocks 6% growth in sales

New Delhi, January 30: | Updated: Jan 31 2002, 05:30am hrs
Korean electronic’s Indian subsidiary, LG Electronics India has reported a 16 per cent growth in turnover to Rs 2,216 crore for the year ended December 2001 and is targeting a turnover of Rs 2,700 crore in 2002.

During the year, LG Electronics achieved a double digit growth in CTV, refrigerator, air conditioners and microwave segment. CTV segment topped the list with a growth of 27 per cent, where the company has grabbed a market share of 12 per cent and sold 6.5 lakh CTVs last year. During the year, LG Electronics achieved a growth of 18 per cent in air conditioners segment to reach the number one slot with a market share of 26 per cent.