LG rewires strategy before hitting IPO switch

June 25, 2025

LG Electronics India is implementing cost-cutting measures, including reducing in-store sales promoters, due to declining revenue in the first half of 2025. Sales of ACs and refrigerators have been impacted by a cooler summer and weak consumer demand. The company aims to present a strong financial performance before its planned IPO, scheduled for October-November, to attract investors.

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