LG Electronics clocks Rs 2,500 cr revenue

New Delhi, Nov 15 (UNI) LG Electronics India Pvt Ltd (LGEIL) has clocked a revenue of Rs 2,500 crore, earmarking a marketing budget of Rs 100 crore for the festive season this year.

The company posted sales of 5.7 lakh units in the month of October alone, registering a growth of 21 per cent over the same period last year.

''India has always been a priority market for LGE and our aggressive festive campaigns this season have been extremely favourable for LG India and has received an overwhelming response from its customers,'' said LGEIL Vice President (Sales&Marketing) Girish V Rao.

This is a phenomenal success for the company in terms of sales across product categories specially in the display category which includes Conventional CRT television and Flat Panel Displays (PDPs, LCDs and flat screen TVs).

The same month also saw LG reiterate its leadership in the home appliances category with a record sales of over one lakh washing machines, refrigerators, 50,000 microwave ovens and over 30,000 airconditioners.

UNI SRS DKS VV2013