Will continue to focus on Make in India, says LG

Korean consumer electronics major LG India on Wednesday said it will continue to focus on its ‘Make-in-India’ strategy, as it aims to increase its market share in the TV segment this year with the launch of the new range of its AI ThinkQ TVs.

The new range comes with built-in Amazon Alexa, Google Assistant and Apple Airplay2 capabilities.

The company believes this will enable it to increase its overall market share to 27 per cent in the TV segment by the end of this year from the current 25 per cent. The consumer durable industry has been urging the government to reduce the customs duty on open cell television panels from 5 per cent to nil. However, the anticipated announcement did not come through in the budget.