Brands
LG Colour TV sales Sky Rocket, break all Records
LG achieves record sales of 4.75 lakh units of CTVs
Turnover exceeds Rs 2100 crores during the festive seaso
Mumbai, December 21, 2005… LG Electronics India Pvt. Ltd., the leading consumer durable company in the country, has achieved a landmark turnover of Rs. 2100 crores during the festive season this year. The auspicious occasion of Diwali marked a boom in the sales of every LG product category especially in the colour television category. LG surpassed sales of 4.75 lakh colour televisions during the festive season thus recording the highest sales by LGEIL in this category.
The Flat TVs have had an extraordinary impact on the over all sales of the colour television segment. The Flat TVs this year have been exceptionally well received by our customers. We at LGEIL sold 2.73 lakh units of flat TVs and 2.02 units of Normal TV’s during the month of October. We have been able to accomplish such outstanding numbers in the flat and conventional colour television category due to the immense faith of our customers in the brand which makes LG the most preferred brand at all times, through out the year.
An elated Mr. Girish Rao, Vice President – Sales, LGEIL said, “I am very pleased to announce the remarkable sales target achieved. This has been possible as a result of the relentless efforts and dedication of every employee who has strived towards achieving this goal and the support of our valued customers. It was this faith reposed in LG by our customers which enabled us to clock sales of 1 million units during the festival season. The results make us more confident of being able to build on the success and further augment our growth with more consumer oriented and feature rich products in exceeding our expectations”.
Speaking on the outstanding achievement, Mr. Amitabh Tiwari, National Head – CTV, LGEIL said, “Our team is well prepared to face competition within the industry. It is the strength of our team and our network that we have been able to achieve the landmark figure. We are way ahead in the Colour television category and have set a benchmark for the industry to follow. We are elated to have created history in the color television category by achieving a turnover of Rs. 392 crores in the month of October. “
*The festive season has been taken from the 1 st Of September till the 10th Of November.
About LG Electronics India Pvt. Ltd.
LG Electronics India Pvt. Ltd., a wholly owned subsidiary of LG Electronics, South Korea was established in January 1997 in India. One of the most formidable brands in the consumer durable and home appliances segment, LGEIL has an impressive portfolio of Color Televisions, Washing Machines, Air-Conditioners, Microwave Ovens, Refrigerators (Direct Cool and Frost Free), PCs, Vacuum Cleaners, Audio Systems, DVDs, PDPs, optical storage devices, Laptops and GSM mobile phones. In India for over eight years, LG has earned a premium brand positioning due to its superior quality, high product performance, revolutionary technological delivery and warm service. LG is the acknowledged trendsetter for the consumer durable industry in India wxcith the fastest ever nationwide reach, latest global technology and product innovation.
LGEIL has achieved a turnover of Rs 6500 crore in 2004 and aims to be a USD 10 Billion company by 2010, with an investment of USD 250 million allocated over the next five years to the Indian market. LGEIL’s first manufacturing unit at Greater Noida is one of the most eco-friendly units among all LG manufacturing plants in the world. The new and second Greenfield facility of LG Electronics India located at Ranjangaon, Pune has the capacity to manufacture GSM Mobile Phones. Color Televisions, Air Conditioners, Refrigerators, Washing Machines, Microwave Ovens and Color Monitors and is operational since October last year. LGEIL also plans to produce 20 million mobile handset units by 2010 at this new state-of-the-art facility – This is India’s first mobile phone manufacturing unit.
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Brands
IndiGo names William Walsh CEO
Former IATA chief to take charge in August after Elbers exit, Bhatia steers interim
India’s biggest airline has moved fast and gone global. InterGlobe Aviation, which operates IndiGo, has tapped aviation heavyweight William Walsh as chief executive officer, subject to regulatory approvals, marking a sharp pivot as the carrier eyes its next burst of expansion.
Walsh, currently director general at the International Air Transport Association, will step down on July 31, 2026, and is expected to take charge by August 3. The appointment comes barely three weeks after Pieter Elbers exited the corner office, with Rahul Bhatia holding the fort in the interim.
The choice signals intent. Walsh brings decades of cockpit-to-boardroom experience, having led British Airways and later International Airlines Group, the parent of Aer Lingus, Iberia and Vueling. His tenure across carriers has been defined by hard resets, restructurings and cross-border consolidation—skills IndiGo may need as competition intensifies and scale becomes decisive.
Vikram Singh Mehta, chairman and non-executive independent director of IndiGo, said Walsh’s experience in managing large-scale airline operations and navigating complex market dynamics makes him well-suited to lead IndiGo in an increasingly competitive global aviation environment, adding that the appointment marks a new chapter as the airline scales in one of the world’s fastest-growing markets.
Rahul Bhatia said Walsh’s global perspective, operational expertise and customer-focused approach would be critical as IndiGo enters its next phase of expansion.
Walsh, widely regarded as one of the industry’s most influential figures, will oversee overall management and strategic direction, with a mandate spanning operational performance, network expansion, commercial strategy and customer experience. He is expected to work closely with the board and leadership team to sharpen IndiGo’s growth trajectory.
Walsh said IndiGo has a strong foundation and is well-positioned to capitalise on the evolving aviation landscape, adding that he looks forward to fostering a culture of excellence, innovation and sustainable value creation across the organisation.
A new captain, a bigger runway—and a market that rewards scale. IndiGo is lining up for its next take-off.
