LG Electronics Achieves Record AC Sales in India, Plans Expansion in Sri City
LG records hot sales as it sells 1 million ACs in CYQ1; Co to expand Sri City plant
The Economic TimesImage: The Economic Times
LG Electronics India sold over 1 million air conditioners in the January-March quarter of 2026, marking a record start to the summer season. The company plans to expand its manufacturing facility in Sri City, Andhra Pradesh, to meet rising demand driven by consumer preference for energy-efficient appliances.
- 01LG sold 1 million ACs in Q1 2026, the fastest start to summer for the company in India.
- 02The company will expand its manufacturing facility in Sri City, Andhra Pradesh, to boost production.
- 03Demand is fueled by rising temperatures and a shift toward energy-efficient appliances.
- 04LG's ACs are compliant with Bureau of Energy Efficiency (BEE) standards, enhancing their market appeal.
- 05The company anticipates stronger demand in Q2 2026, aided by recent GST cuts on ACs.
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In the January-March quarter of 2026, LG Electronics India achieved a remarkable milestone by selling over 1 million air conditioners, marking the fastest start to the summer season in the company's history in India. This surge in sales reflects the increasing demand for cooling products as temperatures rise and consumers opt for energy-efficient appliances. To meet this growing demand, LG plans to expand its manufacturing facility in Sri City, Andhra Pradesh, later this year as part of its localization strategy and in alignment with the Indian government's Make in India initiative. Hong Ju Jeon, managing director of LG Electronics India, emphasized that crossing the 1 million sales mark is not only a commercial achievement but also a testament to the trust consumers place in the brand. The company has also introduced a wider range of AC models to cater to various consumer needs, from compact homes to larger households. Looking ahead, LG expects continued strong demand in the second quarter of 2026, bolstered by recent Goods and Services Tax (GST) cuts on air conditioners.
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The expansion of LG's manufacturing facility in Sri City will likely create job opportunities and enhance local economic growth while meeting the rising demand for air conditioners in India.
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