LG Electronics India bets on exports, B2B products for margin boost

Kolkata: LG Electronics India is banking on exports and business-to-business (B2B) products as the next growth engines, as its Korean parent seeks to turn India into a global manufacturing hub producing both mass-market and premium products for markets worldwide, senior executives said.

The country’s largest home appliance maker expects focus on these two areas to help expand margins at a time when profitability is under pressure from rising raw material costs, rupee depreciation and geopolitical risks.