LG's exit from handsets biz will have little impact on Indian market

The brand's presence in India was already miniscule, exit was inevitable

After years of dwindling handset sales, Korean electronics and appliances giant LG Electronics finally pulled the plug on its handsets business on Monday. While the move may have caused heartache for a small bunch of LG enthusiasts, it will have little impact for the company's operations in India and the market itself.

Once a prominent player in both - the smartphone and feature phones markets – LG's presence had come down to near zero. While the brand continued to sell a few models through online platforms like Flipkart, its visibility in the retail network was confined to a few branded stores.

According