Import duty levy may impact smartphone prices, says LG

Korean electronics brand LG will continue assembling its smartphones in India despite import duty hike on components imported from abroad, but is expecting an increase in price of devices as a consequence.

“We are totally committed to MAKE IN INDIA vision & will continue to manufacture in India. In the long term, this situation will also create possibilities of local production by vendors including display & other components,” said Advait Vaidya, Business Head – Mobile Communications at LG Electronics, India.