Last updated on August 30, 2019
South Korean consumer electronics maker LG is anticipating an Rs 2,000-crore company under its business-to-business (B2B) section this year and also to keep a 30 percent year-on-year expansion, ” a company official said.
LG Electronics India’s B2B section that has been renamed as Company Solutions now leads around 10 percent to the organization’s total turnover.
The Business Solutions department sees enormous growth potential mostly in two sections — air and display options — on the rear of big government buyers like Indian Railways.
“This season, we’re targeting Rs 2,000 crore from this company.
The organization’s effort is to raise and enlarge the B2B section, and there’s also a conscious effort from the direction to enhance the amounts, Sinha added.
The government is spending a great deal of cash for taxpayer services, public spaces,” Sinha said, adding that authorities purchases account for nearly 30 percent of their overall sales.
On being asked about whether the continuing downturn to the B2C (business-to-customer) panel marketplace has some influence on the B2B work of LG, he stated it remained untouched to a particular degree.
TV sales in India are almost 10 percent this year and neglected to pick up during the cricket world cup.
Strengthening its portfolio of display options from the b2b section, LG Electronics India on Wednesday introduced new goods, including 130 all-in-ones LED displays, transparent OLED, interactive electronic boards, and new exterior screen.