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LG India to add 20 new mobile phones in 2008

LG Electronics India on Monday said it would launch around 20 new handsets next year aiming to strengthen its share in the Indian market and position itself within top three players in the GSM mobile space. LG, which is a major provider of CDMA mobile phones, is now shifting its focus towards the GSM space. “We are targeting 8-10 per cent market share in couple of years…we expect to double our handset revenues numbers,” company’s Director, Sales and Marketing V Ramachandran told reporters here. He, however, declined to divulge the figures. The company is also planning spree of launches in the GSM segment. “We currently have nine models in GSM category. We plan to take this number to 25-28 by the end of 2008 and expect to be among top three by next year,” he said.

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