LG to launch cheap smartphones in preparation to compete with Chinese brands

July 06

11:26 2020

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LG is going to increase its production speed to increase its share in the Indian market. The company is preparing to increase production in India by 15 times. The company will try its best to take advantage of the Diwali festival season in India.

South Korean electronic giant LG is planning to re-enter the Indian market. The company is about to make a comeback in the under-15,000 price segment. There is a lot of resentment in India these days against China, due to which people are also boycotting China’s goods. LG will try its best to capitalize on this opportunity. For some time, due to the border dispute between India and China, there has been tension. After this, the Indian government banned 59 Chinese applications in India and people are also very angry towards China, which is affecting the sale of Chinese products.

LG is increasing production by 15 times

LG’s phone sales increased by 10 times

Due to the anti-China mood in India, sales of many other companies have increased significantly. LG Electronics business head Advaita Vaidya said that LG’s demand for phones has increased since tensions with China. At the same time, the cell has already grown 10 times.

LG will launch a cheap phone

The business head of LG has made it clear that the company’s biggest focus will be on the affordable segment. In this segment, the company is about to launch smartphones priced below 15,000. Apart from this, the company will focus more on online channels for distribution. The company believes that online smartphone sales have increased significantly due to the Kovid 19 transition. Let us tell you that the company manufactures many smartphones in India.

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