LG Electronics has outlined an ambitious plan to double its combined revenue from India, Brazil, and Saudi Arabia by 2030, positioning these markets at the center of its long-term growth strategy. According to CEO Lyu Jae-cheol, the three countries are key pillars of the company's Global South initiative, which aims to create a more balanced and resilient regional business portfolio.

The company reported combined revenue of KRW 6.2 trillion from the three markets in 2025, representing growth of more than 20 percent compared with 2023 and significantly outpacing LG Electronics' overall global growth. The company recorded consolidated revenue of KRW 89.2 trillion in 2025.

India remains a particularly important market for LG due to its strong macroeconomic outlook, high brand preference, and relatively low penetration of major household appliances such as refrigerators, washing machines, and air conditioners. The company believes these factors present significant long-term growth opportunities.

As part of its India expansion strategy, LG plans to double its production capacity in the country and significantly increase exports. Currently, exports contribute around 6-7 percent of LG Electronics India's revenue, serving markets across Asia and Africa. The company follows a dual-market export model, shipping premium products to developed markets while supplying India-designed essential products to emerging economies.

LG Electronics India currently operates manufacturing facilities in Greater Noida and Pune. The company is also developing a third manufacturing plant at Sri City in Andhra Pradesh, which is expected to begin operations by the end of 2026 and will play a crucial role in boosting export capabilities.

The company is also evaluating opportunities to export India-manufactured products to developed markets, including the United States, despite existing tariff challenges. LG expects improved competitiveness from capacity expansion, production modernization, and enhanced workforce capabilities to support these ambitions.

In addition, LG plans to expand production of premium appliance categories in India, including four-door and French-door refrigerators, while strengthening local research and development capabilities and talent acquisition. The company has also expressed openness to mergers, acquisitions, and strategic partnerships with local firms while exploring growth opportunities in sectors such as HVAC.

On the technology front, LG is accelerating the introduction of AI-powered home appliances in India. The company is expanding its AI-enabled portfolio across washing machines, refrigerators, air conditioners, and cooking appliances while integrating its Indian manufacturing operations into its global AI roadmap.

LG's broader AI Home ecosystem is centered on connected appliances powered by its ThinQ platform and supported by advanced smart home technologies, including the CLOiD home robot unveiled at CES 2026. The company believes growing consumer demand for intelligent and connected home solutions will drive adoption of its premium AI-enabled product offerings in India.