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LG Targets 2x Revenue in India, Brazil, Saudi Arabia by 2030
LG CEO Lyu Jae-cheol says the company targets doubling revenue from India, Brazil, and Saudi Arabia by 2030, with AI appliances and local production expansion driving growth.
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LG Electronics aims to double combined revenue from its three priority growth markets – India, Brazil, and Saudi Arabia – by 2030, Global CEO Lyu Jae-cheol said Tuesday. The push comes as the South Korean consumer durables maker seeks to build a more balanced regional portfolio beyond its established strongholds in Korea, North America, and Europe.
“India, alongside Saudi Arabia and Brazil, is at the absolute forefront of LG’s long-term growth strategy,” Lyu said in a statement. Combined revenue from those three markets reached KRW 6.2 trillion in 2025, up more than 20% from 2023 – twice the company’s global growth rate over the same period.
India is the centerpiece of that pivot. LG’s Indian subsidiary, listed last year, will double its local production capacity to serve domestic demand and raise exports from the current 6–7% of output, said Aeron Kim, head of LG’s IR communications team. The company runs two plants in Uttar Pradesh and Maharashtra and is building a third in Andhra Pradesh.