LG sells over 1 million ACs in Q1

LG Electronics India (LGE India) said it has sold over 1 million air conditioners in the first quarter of calendar year 2026, marking the fastest and strongest start to a summer season in the company’s history in India.

Listen to this article

“Crossing 1 million AC sales in a single quarter is not just a commercial milestone – it is a powerful statement of the trust that millions of consumers place in LG every day. India is one of LG’s most strategically vital markets globally, and this result reflects the depth of our commitment to our consumers, our partners, and to India’s sustainable development. We are investing heavily in innovation, distribution, localisation, and are expanding our AC manufacturing facility in Sri City to reinforce our commitment to the ‘Make in India’ initiative,” Hong Ju Jeon, Managing Director, LG Electronics India, said in a statement.

We are highly motivated with our first quarter ACs performance and anticipate a stronger demand in Q2 of CY2026 aided by the GST cuts on ACs, Sanjay Chitkara, Director & Co-Chief Sales and Marketing Officer, LG Electronics India, said.

The Government of India’s landmark GST reduction on air conditioners from 28 per cent to 18 per cent has been a structural game-changer for the industry, improving affordability and accelerating the democratisation of energy-efficient cooling across urban and semi-urban India, the company said.

Apart from domestic market, LGE India also exports its Made-in-India ACs to Sri Lanka, Nepal, Bangladesh, Southeast Asia, etc.

Latest

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Newsletter

Don't miss

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Anup Kumar Saha named Kotak Mahindra Bank MD

Saha will begin his three-year contract on 1 January,...

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the West Asia conflict through higher commodity prices and external sector pressures, our economy is navigating...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,” M Murali, Chairman and Managing Director, Shriram Properties, said at a media briefing in Chennai....

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between the parties for exploring the proposed business opportunity and does not, by itself, constitute an...