LG Electronics India enters automotive solutions business, plans manufacturing in Andhra Pradesh

LG Electronics India is expanding into the automotive technology business, with plans to manufacture vehicle solutions at its third India plant, coming up in Sri City, Andhra Pradesh.

The company’s board approved the entry into the new business on November 5. Its proposed portfolio includes in-vehicle infotainment, displays, telematics, vehicle computing, advanced driver assistance systems (ADAS) and automotive software.

The proposed amendment to the company’s memorandum of association (MOA), which will enable it to undertake the new business, is subject to shareholder approval through a postal ballot. LG Electronics India said investments would be made in phases, depending on business scale, technology and equipment requirements, and market conditions. It did not disclose an investment amount.


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Separately, the company reported a 25.7% year-on-year rise in Q2 FY27 net profit to Rs 489 crore, while revenue grew 19.5% to Rs 7,380 crore. EBITDA increased 28% to Rs 701 crore, with margins improving to 9.5% from 8.9%.

The Home Appliances & Air Solution segment recorded 20.9% revenue growth to Rs 4,772 crore, while Home Entertainment revenue rose 17.2% to Rs 2,608 crore.

For FY27, the company retained its guidance of mid-teen revenue growth and an early double-digit EBITDA margin. It also said compressor manufacturing at the Sri City plant is expected to begin in Q3 FY27.