LG India Goes Public to Deepen Local Integration

LG Electronics has listed its Indian subsidiary on the NSE, aiming to strengthen its role in India’s economic and industrial future.

Strategic Milestone in India

LG Electronics has officially listed LG Electronics India Limited (LGEIL) on the National Stock Exchange of India. The move marks a significant step in LG’s ambition to become a national company in India and a long-term contributor to the country’s economic development. On October 14, LG CEO William Cho and NSE CEO Ashish Chauhan rang the ceremonial bell to mark the start of trading. The listing involved offering 15% of LGEIL’s shares—over 101 million units—at ₹1,140 each, raising approximately $1.31 billion.

The IPO is expected to deepen LG’s integration into India’s economy, especially as rising incomes and a growing middle class drive demand for consumer electronics. According to Boston Consulting Group, households earning between $6,000 and $36,000 annually could make up 46% of India’s population by 2030, up from 29% in 2020. LG plans to align its strategies with local consumer needs and maintain its leading position in offline sales of home appliances and entertainment products. CEO William Cho emphasized India’s central role in LG’s global southern strategy.

Vision for Growth and Localization

LG outlined a three-part vision for its future in India: Make for India, Make in India, and Make India Global. The first focuses on designing products tailored to Indian lifestyles, combining affordability with culturally relevant features. The second highlights LG’s commitment to local manufacturing, including a ₹50.01 billion investment in a new plant in Sri City, expected to create around 1,900 jobs. The third positions India as a key driver in LG’s global strategy, aiming to support the country’s transformation into a hub for innovation, production, and talent.

Strengthening Services and B2B Expansion

Beyond consumer products, LGEIL is enhancing post-sale services and expanding its Annual Maintenance Contract (AMC) programs to improve customer retention. The company is also accelerating growth in B2B segments, offering advanced technologies for commercial spaces, HVAC systems, and digital displays. These efforts reflect LG’s broader goal of growing alongside India and contributing to its rise as a global economic leader. By investing in local capabilities and infrastructure, LG aims to reinforce its position as a trusted partner in India’s industrial evolution.