LG Mobile eyes Rs 3,000cr revenue in India;to invest Rs 250 cr

With the launch of new smartphones and other feature-rich phones in the country Korean handset maker LG Mobiles is eyeing a turnover of Rs 3,000 crore this year.

PTI | April 6, 2011



Korean handset maker LG Mobiles is eyeing a turnover of Rs 3,000 crore this year with the launch of new smartphones and other feature-rich phones in the country.

The company, which will launch 10 smartphones this year, registered an about Rs 2,000 crore revenue in 2010.

"We have a strong product lineup for this year. This will include 10 smartphones and other feature-rich phones. We expect our revenue to touch Rs 3,000 crore by the year-end," LG Electronics India Business Head (Mobile Communication) Vishal Chopra told PTI.

The company today launched its new smartphone 'LG Optimus 2X' in the country, priced at Rs 30,000.

The company claimed the handset is the world's first dual core processor smartphone. It is equipped with Nvidia's new Tegra 2 chipset, four-inch touchscreen, eight MP camera and expandable memory up to 32 GB.

The company has also launched LG Optimus Black at Rs 27,000. Both handsets will be available in the Indian market in a few days.

LG Mobiles has earmarked Rs 250 crore for marketing and promotional activities in 2011.

"This will include above the line promotional campaigns and programmes around new handsets," he said.

The company also plans to expand its 3G handsets portfolio.

"Currently, we have 12 3G handsets in our portfolio and this year, we are planning to introduce another 12-15 models this year," Chopra said.
 

Comments

 

Other News

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter