LG divides India business into four divisions

- Advertisement -

Korean business conglomerate LG has divided its businesses into four major divisions as it tries to cope with a loss of market share due to increased competition from fellow Korean rival Samsung, according to an Economic Times report.

From January 2012, a new structure will be in place with the entire business divided into four verticals – home electronics, kitchen appliances, air conditioners and mobiles and IT. Each business will now have a vertical head reporting to the managing director of LG India.

Soon Kwon, president, Southwest Asia region & MD, LG India, said there was no re-organisation. “We have aligned LG India business verticals on lines of LG Worldwide, this is a routine exercise. There are some transfers of people between branches and corporate and that is also routine reshuffling for building sales and marketing excellence.” The company didn’t exactly elaborate on the transfer of people across corporate and branches.

- Advertisement -

The company has reshuffled branch managers across India as well as increased the number of regional managers. While the company maintains business verticals in India have been aligned along the lines of LG worldwide, the re-organisation has been prompted to acquire a sharper focus on the business segments keeping in mind intense competition in consumer durables sector in India, which is also facing the double whammy of a slowdown.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...
EV

onsemi & Volkswagen Join Hands For SiC Tech in Next-Gen EVs

0
The partners are developing a traction inverter solution for the OEM’s modular car platform for electric vehicles onsemi is providing VW with IGBTs,...

Exclusive

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...
EV

onsemi & Volkswagen Join Hands For SiC Tech in Next-Gen EVs

0
The partners are developing a traction inverter solution for the OEM’s modular car platform for electric vehicles onsemi is providing VW with IGBTs,...

Important Sectors

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...
EV

onsemi & Volkswagen Join Hands For SiC Tech in Next-Gen EVs

0
The partners are developing a traction inverter solution for the OEM’s modular car platform for electric vehicles onsemi is providing VW with IGBTs,...
Elevator, Nissan, Hitachi, EV Batteries

Nissan, Hitachi Partner To Run Elevators Using EV Batteries

0
Nissan and Hitachi successfully tested a full-capacity elevator to run for 10 hours by drawing power from fully charged EV batteries. Japanese automaker Nissan Motor...
Bharat

Bharat Electronics Misses Profit Estimates For Q3

0
Bharat Electronics has declared an interim dividend of 60% payable to all the eligible shareholders holding shares as of the record date. Shares of Bharat...

Manufacturing

Bharat

Bharat Electronics Misses Profit Estimates For Q3

0
Bharat Electronics has declared an interim dividend of 60% payable to all the eligible shareholders holding shares as of the record date. Shares of Bharat...
Australia

Tesla To Invest $3.6B In Nevada Gigafactory

0
The latest investment by Tesla comes at a time when US automakers are heavily investing in electric vehicles and batteries. Tesla said that it would...
Piyush Goel

Apple To Raise India Production to 25%, Says Piyush Goyal

0
Apple currently manufactures iPhone 11, 12, 13 and 14 models at the Foxconn facility while iPhone SE and iPhone 12 are assembled at the...

Global Connector Maker Bel Fuse Appoints New Global Head of People

0
Bel Fuse said that the newly created position would empower the global connector maker in its cultural transformation journey.  Global connector manufacturer Bel Fuse Inc....

Gogoro, Belrise form $2.5B JV with Maharashtra for EV charging stations

0
The equal stakes partnership will form an infrastructure company that owns battery swapping and EV charging stations across the state of Maharashtra. The state government...