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Page 2 - Lg Electronics

LG launches Gram series laptops, Ultra PC in India: Price, specs, and more

The 2023 LG Gram line-up includes LG Gram (17Z90R, 16Z90R, and 14Z90R), LG Gram Style (14Z90RS), LG Gram 2-in-1 (16T90R), and LG UltraPC (16U70Q)

LG launches Gram series laptops, Ultra PC in India: Price, specs, and more
Updated On : 15 Jun 2023 | 12:51 PM IST

LG S95QR 9.1.5 sound bar review: Expansive audio for cinema-like experience

At Rs 109,990, the LG S95QR is one-of-its-kind 9.1.5 channel sound bar audio system. It is feature-packed with everything that one expects from a premium home-theatre audio system

LG S95QR 9.1.5 sound bar review: Expansive audio for cinema-like experience
Updated On : 08 Jun 2023 | 9:09 AM IST

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG

Jaguar is recalling more than 6,000 I-Pace electric SUVs in the US due to the risk of the high-voltage battery overheating and catching fire. The recall is the latest in a series of electric vehicle battery recalls because of the potential for fires. Documents posted on Wednesday by the US National Highway Traffic Safety Administration say the recall covers all of the SUVs from the 2019 through 2024 model years. The documents say the vehicle batteries were made by LG Energy Solution, which is under investigation by the NHTSA after five automakers issued recalls due to possible defects that could cause fires or stalling. The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries. General Motors, Mercedes-Benz, Hyundai, Stellantis and Volkswagen have issued recalls since February of 2020, most due to internal battery failures that can increase the risk of fires. The agency says it will write to LG and other

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG
Updated On : 31 May 2023 | 10:23 PM IST

Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant

In October, Hyundai Motor Group began the construction of a 300,000-unit-a-year EV and battery plant in Georgia, aiming to begin commercial production in the first half of 2025

Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Updated On : 26 May 2023 | 4:08 PM IST

LG India expects 10% growth, exploring new business categories, says MD

LG Electronics India expects around 10 per cent growth in FY24 and exploring new business categories here besides investing further in its manufacturing ecosystem, said its Managing Director Hong Ju Jeon on Wednesday. India is an important market for the South Korean chaebol, where it sees a "big potential" as the economic situation is bright compared to other global markets with a growing population with more youths, he said. The company is working towards increasing the domestic value addition of India-made products and is even inviting its sister concerns from South Korea to set up plants for component manufacturing here, Jeon told PTI in an interaction here. It is also looking to increase exports to other countries from India by enhancing the cost competitiveness and more products in its offerings. "We will support the India government's make-in-India initiatives and will increase the exports from here and contribute to the Indian Economy," said Jeon. Jeon also lauded India's

LG India expects 10% growth, exploring new business categories, says  MD
Updated On : 24 May 2023 | 8:26 PM IST

LG Electronics Q1 profit down 23% at 1.49 trn on dampened consumer demand

Sales decreased 2.6 per cent to 20.41 trillion won. Net profit came to 546.5 billion won, down 61 per cent from a year earlier

LG Electronics Q1 profit down 23% at 1.49 trn on dampened consumer demand
Updated On : 27 Apr 2023 | 2:03 PM IST

LG starts manufacturing dual inverter air conditioner compressors in India

South Korean consumer durables maker LG Electronics on Monday said it has started manufacturing Dual Inverter Air Conditioner Compressors at its plant in Greater Nodia. LG Electronics India, which is among the leading players in the residential air-conditioning market here, has invested around Rs 100 crore in the new facility in Uttar Pradesh. The new line has a capacity to roll out one million units per year, the company said. According to the company, it has 'become the first brand to manufacture its own Dual Inverter Air Conditioner compressor in India". Hyunjin Lee, Manufacturing MD of LG Electronics India, said this continuous expansion is a step towards making self-reliant India a reality. LG Electronics aims to make India a powerful manufacturing hub. "We have invested approximately Rs 100 crore in setting up this Air Conditioner Compressor manufacturing line and are continuously working towards strengthening our local operations," he added. In January, LG Electronics Indi

LG starts manufacturing dual inverter air conditioner compressors in India
Updated On : 28 Mar 2023 | 10:00 AM IST

LG Energy to invest $5.5 bn to build standalone battery plants in US

LGES, the world's second-largest battery maker after China's CATL, had withdrawn the plan a few months later, citing a spike in costs amid runaway global inflation

LG Energy to invest $5.5 bn to build standalone battery plants in US
Updated On : 24 Mar 2023 | 5:16 PM IST

Import dependency for AC compressors may fall to 15% by 2027-28

Domestic manufacturing from month-end under PLI scheme to lower dependence from 85%

Import dependency for AC compressors may fall to 15% by 2027-28
Updated On : 13 Mar 2023 | 12:26 AM IST

Retail electronics firms scale up inventory, anticipating demand surge soon

This buildup is owing to the fact that demand peaked before Diwali and then drastically declined afterwards due to high inflation and thus retailers cut down inventory levels

Retail electronics firms scale up inventory, anticipating demand surge soon
Updated On : 19 Feb 2023 | 8:36 PM IST

Tech giant LG Electronics showcases NFT artworks via OLED evo TVs

An NFT is a non-interchangeable unit of data stored on a blockchain, which can be owned and traded as a digital item

Tech giant LG Electronics showcases NFT artworks via OLED evo TVs
Updated On : 19 Feb 2023 | 7:03 PM IST

LG Electronics Q4 profit collapses on slumping demand, rising cost

But LG's electric vehicle (EV) parts business made a turnaround 10 years after it entered the market

LG Electronics Q4 profit collapses on slumping demand, rising cost
Updated On : 28 Jan 2023 | 6:00 PM IST

LG invests Rs 200 cr at Pune facility; starts local mfg of refrigerators

LG Electronics India has invested around Rs 200 crore at its Ranjangaon, Pune-based facility to set up a new line for manufacturing the premium range of side-by-side refrigerators

LG invests Rs 200 cr at Pune facility; starts local mfg of refrigerators
Updated On : 17 Jan 2023 | 8:05 PM IST

LG Electronics December-quarter operating profit down 91.2% y-o-y

Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company

LG Electronics December-quarter operating profit down 91.2% y-o-y
Updated On : 07 Jan 2023 | 4:59 PM IST

CES 2023: LG Signature OLED M3 TV with 'Zero Connect Technology' unveiled

The LG Signature OLED M3 TV comes with a separate 'Zero Connect box', which is a wireless solution capable of real-time video and audio transmission at up to 4K resolution at 120Hz refresh rate

CES 2023: LG Signature OLED M3 TV with 'Zero Connect Technology' unveiled
Updated On : 06 Jan 2023 | 4:08 PM IST

LG Electronics announces appointment Hong Ju Jeon as MD for India business

South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India business. Former managing director of LG Electronics India Young Lak Kim has been promoted to the position of Executive Vice President and will be joining as Korea Sales & Marketing Head, a company statement said. Before this, Jeon was in charge of the Gulf region as subsidiary President of LG, it added. Additionally, he held other senior positions at LG Electronics as managing director of Iraq, Jordan, Lebanon and Syria subsidiaries. "India is a growing economy and is an interesting market with vast demographics therefore, we aim to further strengthen our consumer base by introducing a product portfolio that is developed basis the insights of the consumers," Jeon said. LG Electronics India, a wholly-owned subsidiary of LG Electronics, South Korea, was established in January 1997. It operates in consumer electronics, home appliances, HVAC, IT ...

LG Electronics announces appointment Hong Ju Jeon as MD for India business
Updated On : 04 Jan 2023 | 11:25 PM IST

LG Innotek to reveal new camera module at 'Consumer Electronics Show 2023'

Digital zoom magnifies the size of the image to have serious quality degradation, whereas the optical zoom camera moves the lens directly to zoom the subject which maintains high image quality

LG Innotek to reveal new camera module at 'Consumer Electronics Show 2023'
Updated On : 28 Dec 2022 | 1:38 PM IST

LG Electronics India FY22 PAT falls 23% to Rs 1,175 cr; total income up 10%

LG Electronics India's profit after tax for FY22 declined 23.17 per cent to Rs 1,174.7 crore, according to financial data accessed by the business intelligence platform Tofler. However, its total income rose nearly 10 per cent to Rs 17,171.3 crore in FY22. The company, which is not a publicly listed entity, had posted a profit after tax of Rs 1,529 crore, and its total income was Rs 15,621.1 crore for the financial year that ended in March 2022. LG Electronics India's profit before taxes was Rs 1,589.8 crore, and its tax expenses stood at Rs 415.1 crore in 2021-22. A wholly-owned subsidiary of South Korea-based LG Electronics, it is a formidable brand in India, operating in various segments, such as consumer electronics, home appliances, HVAC and IT hardware. LG Electronics India's total revenue from the home appliances and air solution division was Rs 12,419.5 crore in FY22. Under the home appliances and air solution division, it sells products like refrigerators, washing machin

LG Electronics India FY22 PAT falls 23% to Rs 1,175 cr; total income up 10%
Updated On : 11 Dec 2022 | 8:00 PM IST

After Android certificate leak, Samsung, LG phones at malware attacks risk

Samsung and LG phones are reportedly at risk of malware attacks because of a leaked Android certificate.

After Android certificate leak, Samsung, LG phones at malware attacks risk
Updated On : 05 Dec 2022 | 9:13 AM IST

LG develops 'Invisible' Thin Actuator Sound Solution for automobiles

LG Display has announced that it has developed the "Thin Actuator Sound Solution", a new sound technology for automobiles.

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Updated On : 22 Nov 2022 | 7:29 PM IST