05-Nov-2026 11:05:38
LG ELECTRONICS INDIA: APPROVES ENTRY INTO AUTOMOTIVE & VEHICLE SOLUTIONS BUSINESS
• New Business: Board approved expansion into Vehicle Solutions, targeting automotive electronics and mobility technologies • Product Portfolio: To include automotive infotainment systems, in-vehicle displays, head units and digital cockpit solutions • Advanced Technologies: Plans to offer telematics, connectivity solutions, Vehicle Control Units (VCU) and high-performance computing systems • ADAS Technology: Business will cover Advanced Driver Assistance Systems, automotive software and related electronic components • Manufacturing Location: Vehicle Solutions products to be manufactured at LG India's third plant in Sri City, Andhra Pradesh • Business Expansion: Proposed activities include manufacturing, assembly, imports, exports, distribution, sales, installation and servicing • Growth Opportunities: Aims to capitalise on rising demand for connected vehicles, intelligent mobility and advanced automotive electronics • Business Diversification: Expands LG India's portfolio beyond existing consumer electronics and home appliances • Investment Plan: Investments to be undertaken in phases, depending on operational requirements, technology and market conditions • Long-Term Strategy: New business expected to establish additional revenue streams and strengthen LG India's presence in the automotive ecosystem
LG ELECTRONICS INDIA LTD