LG unveils new GSM, CDMA phones
LG Electronics is targeting to consolidate its position in the mobile phone segment.india Updated: Feb 09, 2006 14:58 IST
With the mobile phone market booming in India, Electronics major LG Electronics is targeting to consolidate its position in this segment, a top company official said on Thursday.
LG on Thursday unveiled its new range of GSM and CDMA phones equipped with latest technology and features to cater to the high-end and mid-end segment in the country.
LGEIL president South West Asia KR Kim told reporters that the company was looking at a sales of about 12 lakh GSM phones this year compared to the four lakh GSM phones the company sold in 2005 in the country.
LG was also looking at strengthening its position in the CDMA segment with a target sales of about 50 lakh phones this year, up from the 30 lakhs it sold last year, Kim said.
The company, which has a plant in Pune with a capacity of one million mobile phones, was currently manufacturing only 60 to 70 per cent of its total capacity, he said.
LG's exports from India contributed about $140 million last year and the company will aggressively pursue an export figure of $200 million this year, he said.
Apart from mobile phones, LG also launched a three door DIOS refrigerator, priced at Rs 1.30 lakh with a capacity of 751 litres, to cater to high-end customers.
The company plans to increase its GSM dealers from 11,000 at present to 20,000 by 2006-end, Kim added.
Kim said 20 per cent of the company's turnover came from IT and Communication segment, 40 per cent from the Home Appliances segment and 40 per cent from the Electronics segment.
The company's turnover in South India was about Rs 2,200 crore, he added.
First Published: Feb 09, 2006 14:58 IST