LG Electronics to build new factory in India, mass production to begin in 2026 - South Korean media

LG Electronics held a groundbreaking ceremony for its home appliance factory in Sri City, Andhra Pradesh, India. This is the company's third factory in India. The total investment scale is about USD 600 million (approximately
The annual production capacity of the Sri City plant will be 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million air conditioner compressors.
The factory will begin production of air conditioners at the end of 2026, with production lines for washing machines, refrigerators, and compressors coming online by 2029. LG Electronics plans to expand the factory to include India and Bangladesh.
The company plans to make the new factory a production base to supply home appliances to neighboring South Asian countries such as India, Saudi Arabia, and Sri Lanka, as well as the Middle East. With the addition of production capacity at the new factory, the number of home appliances that LG Electronics can supply to India will
The company sold 2 million televisions, 3.6 million refrigerators, 3.75 million washing machines, and 4.7 million air conditioners in a year. It plans to improve not only its production capacity but also its sales and service capabilities.
The company currently operates around 700 LG-branded stores and 900 service centers, which also provide telephone consultation services in 12 languages.
Ryu Jae-cheol, head of LG Electronics' HS business division, said, "The Sri City plant is a reflection of our determination to become a brand that is firmly rooted in India.
"Appear," he said.