LG India Eyes US, Europe Exports Amid Tariff Cuts, Premium Push

• LG Electronics India plans to export premium home appliances to the US and Europe, leveraging bilateral trade agreements and reduced US tariffs.
• Products like side-by-side and large-capacity top freezer refrigerators, developed in India, will be shipped from its Pune plant.
• The company aims to double export contribution to 14% of total sales next fiscal year, with further expansion expected from its new Sri City plant.
• LG India views rationalized US tariffs and competitive production costs as key to positioning India as a global manufacturing hub.
• Despite a Q3 net profit decline due to a shorter festive window and inventory correction, LG India is confident of recovery, citing strong Q4 sales growth.