LG Electronics India Limited has informed the Exchange regarding a press release dated April 02, 2026, titled "LG Electronics India Hits 1 Million AC Sales in Q1 CY 26 ReinforcesCompany s Market Leadership Leadership".
LGEINDIA · price
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LG Electronics India announced the sale of over 1 million air conditioners in Q1 2026, marking its fastest and strongest summer season start in India. The company leveraged a first-mover advantage by launching BEE star-rated compliant ACs ahead of the season and ran a marketing campaign during the ICC World Cup. LG is expanding its Sri City manufacturing plant to scale up production and is exporting Made-in-India ACs to Sri Lanka, Nepal, Bangladesh, and Southeast Asia. The company credited the GST reduction on ACs from 28% to 18% as a structural catalyst improving affordability and driving demand across urban and semi-urban markets.
This milestone reinforces LG's position as the market leader in India's competitive air conditioner market, driven by strong execution, supply chain agility, and favorable tax policies. The strong Q1 performance and anticipation of stronger Q2 demand signal healthy revenue growth for the company.