- LG’s B2B business now contributes around 10 per cent to the company’s total turnover
- LG is looking at 30 per cent growth year-on-year
- In the next few years, the organisation aims to maintain a similar approach
South Korean consumer electronics manufacturer LG is expecting a Rs 2,000-crore business under its business-to-business (B2B) segment this year and to continue a 30 per cent year-on-year growth.
Recently PTI reported that LG Electronics India’s B2B segment, which has been renamed as Business Solutions, now contributes around 10 per cent to the company’s total turnover.
LG Electronics India Vice-President and Business Head (Business Solutions) Hemendu Sinha told PTI that this year, the company is targeting Rs 2,000 crore exclusively from the B2B business. He further mentioned that LG is looking at 30 per cent growth year-on-year. Going forward, in the next few years, the organisation aims to maintain a similar approach.
B2B market holds the highest growth potential
According to Sinha, the B2B market is evolving in India faster than the other segments. He further expressed the company’s endeavour to grow and expand the B2B segment and eventually improve the numbers too. The company’s sluggish growth in the B2C market, however, did not have much impact on the B2B business, added Sinha.
Strengthening its portfolio of display solutions in the B2B segment, LG Electronics recently introduced new products, which include 130 all-in-one LED screens, transparent OLED, interactive digital boards and new outdoor display.
