LG to invest Rs 300 crore to manufacture air-conditioner components in India
This investment into component eco-system has ensured that over 65% of LG’s ACs made in India are from parts locally sourced as compared 40-45% even a few months back. LG on Monday launched the compressor plant at its Greater Noida manufacturing hub where it will make dual inverter compressors. The plant will have an annual production capacity of over one million units. It already makes other parts like condensers and evaporators as part of the PLI programme.
