Latest news with #LGElectronicsIndia
Time of India
20-05-2025
- Time of India
LG Wi-Fi convertible refrigerators: Flexibility meets smart technology
In today's fast-paced world, household appliances are expected to offer more than just functionality — they must adapt to evolving lifestyles. LG, a global leader in consumer electronics, has taken this challenge head-on with its latest innovation: Wi-Fi convertible refrigerators powered by the LG ThinQ app. These refrigerators are revolutionising food storage by offering flexibility and control — right from your smartphone. Convert freezer to fridge anytime, anywhere The standout feature of LG's convertible refrigerators is their convertible freezer compartment, which allows users to switch between freezer and fridge modes based on their storage needs. Whether you're prepping for a big party and need extra fridge space or stocking up on frozen goods, the appliance can be configured accordingly — all with just a few taps on your phone. Thanks to Wi-Fi connectivity and the LG ThinQ app, this conversion can be done remotely, without even opening the door. Whether you're in the grocery store or at the office, you can monitor and change the temperature settings in real-time. This smart feature ensures that your food is always stored in optimal conditions, no matter where you are. Key features Remote temperature control: Adjust temperatures or convert compartments via the LG ThinQ app anytime, anywhere. Customisable storage: Flexibly manage your fridge and freezer space based on seasonal or situational needs. Smart alerts: Get a notification if your refrigerator door is left open accidentally. How it works Using the LG ThinQ app is intuitive. Once paired with your refrigerator via Wi-Fi, the app displays real-time temperature settings for each compartment. To convert the freezer into a fridge: Open the LG ThinQ app. Select your refrigerator from the list of connected devices. Tap on the 'Convert' option under the freezer section - and you're done! The appliance will gradually adjust the internal temperature, ensuring safe and efficient conversion without affecting other compartments. Ideal for modern households From growing families to culinary enthusiasts, LG's Wi-Fi convertible refrigerators cater to diverse needs. The ability to switch functions without manual intervention or physical presence offers a new level of convenience and control that today's users increasingly demand. Whether you're hosting, travelling, or just love having options, LG's smart convertible refrigerator is a practical investment for the modern home. Disclaimer: This article has been produced on behalf of LG Electronics India by Times Internet's Spotlight team.
Time of India
08-05-2025
- Business
- Time of India
Lokesh lays stone for LG plant at Sri City
Tirupati: Nara Lokesh , state minister for HRD, IT & electronics, laid the foundation stone for LG Electronics manufacturing plant at Sri City in Satyavedu assembly constituency of Tirupati district on minister Chandrababu Naidu said on social media platform X, "Delighted to welcome the new manufacturing unit of LG Electronics to Andhra Pradesh. With a combined investment of Rs.5,400 crore and 2,500 plus direct and indirect jobs in Sri City, LG Electronics and it's vendors are partnering with govt of AP to transform it into a global manufacturing hub.""This milestone project has received 100% incentives under the first state investment promotion committee (SIPC), marking the beginning of a new exiting chapter for industrial growth in the state", the CM Pradesh govt has allocated 247 acres of land for the facility in Sri City. The facility will manufacture advanced, smart, and energy-efficient home appliances, including refrigerators, air conditioners, and washing machines, as well as key components like fully operational, the plant is expected to have an annual production capacity of 8,00,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and two million air conditioner compressors. The production is slated to begin manufacturing air conditioners in 2026, followed by a phased roll out of washing machines, refrigerators, and compressor lines through new plant is projected to generate around 1,900 direct and indirect jobs. Additionally, LG's vendor partners are expected to invest further, creating more employment Ju Jeon, managing director of LG Electronics India, said, "This will be LG Electronics India's third manufacturing plant in the country, after their existing facilities in Greater Noida, Uttar Pradesh, and Pune, Maharashtra. This new plant in Sri City is strategically located to enhance LG's production capacity, strengthen its supply chain in South India, and meet the growing demand for its products in the India and potentially for exports to South Asia and the middle east."
Economic Times
08-05-2025
- Business
- Economic Times
IPO-bound LG Electronics India begins work on new $600 million plant
Synopsis LG Electronics India has commenced building its third manufacturing plant in Sri City, Andhra Pradesh, with a $600 million investment. This expansion is expected to create nearly 1,500 direct jobs and 10,000 indirect jobs. Meanwhile, the company has postponed its Indian IPO to fiscal year 2026 due to market instability.
Time of India
06-05-2025
- Business
- Time of India
LG Electronics India will not be pressured to list immediately: Chang-tae Kim
LG Electronics is not in a hurry to go ahead with the planned Rs 15,000-crore initial public offering by its Indian entity amid a volatile share market and an uncertain macroeconomic landscape, chief financial officer Chang-tae Kim said. Talking to analysts during the South Korean company's first-quarter earnings call, Kim said since the holding company has a "stable financial structure and the continued business progress achieved by the Indian subsidiary, we will not be pressured to list (LG Electronics India) immediately". "Instead, our final decisions will be made upon a comprehensive assessment on, number one, the market conditions that ensure a proper valuation for the Indian subsidiary and number two, an optimal timing where we can generate maximum synergy with the IPO," Kim said on Friday during the analyst call. LG Electronics India had filed its initial IPO proposal with market regulator Sebi last December, with the Korean parent offering to sell 101.8 million shares, or a 15% stake. It was aiming to launch the IPO in May. As per industry buzz, LG is now considering a post-August share sale, expecting the US tariff-related impact on share markets to subside by then. In fact, chief executive William Cho has postponed his India trip, which was scheduled for this week to coincide with the ground-breaking event for the company's third plant at Sri City in Andhra Pradesh on Thursday. India is LG's second biggest market after the US. The company is the market leader in refrigerators, washing machines and microwave ovens in India, and the second largest in ACs. It is also among the top two in televisions. Kim said the growth potential held by India has attracted interest from investors home and abroad. "And following the IPOs of major companies in Korea, we too are aware of the rising public interest on the prospects of listing our Indian subsidiary, which has unique strength in the strong Indian market. We understand there is a lot of speculation on our timeline for the IPO amidst uncertainties in the macroeconomic landscape," he said. Procedures for the India IPO are currently underway, Kim said.
Time of India
05-05-2025
- Business
- Time of India
LG Electronics India will not be pressured to list immediately: Chang-tae Kim
Kolkata: LG Electronics is not in a hurry to go ahead with the planned Rs 15,000-crore initial public offering by its Indian entity amid a volatile share market and an uncertain macroeconomic landscape, chief financial officer Chang-tae Kim said. #Pahalgam Terrorist Attack Pakistan's economy has much more to lose than India's due to the ongoing tensions, warns Moody's Ratings The day Pakistan got the power to poke India FM Sitharaman meets ADB chief and Italian FM, discusses economic issues; no mention of Pakistan Talking to analysts during the South Korean company's first-quarter earnings call, Kim said since the holding company has a "stable financial structure and the continued business progress achieved by the Indian subsidiary, we will not be pressured to list (LG Electronics India) immediately". "Instead, our final decisions will be made upon a comprehensive assessment on, number one, the market conditions that ensure a proper valuation for the Indian subsidiary and number two, an optimal timing where we can generate maximum synergy with the IPO," Kim said on Friday during the analyst call. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 10 Most Beautiful Women In The World. OMGIFacts Undo LG Electronics India had filed its initial IPO proposal with market regulator Sebi last December, with the Korean parent offering to sell 101.8 million shares, or a 15% stake. It was aiming to launch the IPO in May. As per industry buzz, LG is now considering a post-August share sale, expecting the US tariff-related impact on share markets to subside by then. In fact, chief executive William Cho has postponed his India trip, which was scheduled for this week to coincide with the ground-breaking event for the company's third plant at Sri City in Andhra Pradesh on Thursday. Live Events India is LG's second biggest market after the US. The company is the market leader in refrigerators, washing machines and microwave ovens in India, and the second largest in ACs. It is also among the top two in televisions. Kim said the growth potential held by India has attracted interest from investors home and abroad. "And following the IPOs of major companies in Korea, we too are aware of the rising public interest on the prospects of listing our Indian subsidiary, which has unique strength in the strong Indian market. We understand there is a lot of speculation on our timeline for the IPO amidst uncertainties in the macroeconomic landscape," he said. Procedures for the India IPO are currently underway, Kim said.
