Just In
- 2 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 3 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 4 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 5 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Lifestyle Backless Dress: 7 Tips For Choosing Perfect Bra For Backless Outfits And Turn Heads Wherever You Go
- Movies Palang Tod OTT Release Date: When & Where To Watch Ullu App Web Series Siskiyaan Season 3? Is New Season On Ca
- Sports DC vs GT IPL 2024: Why Shubman Gill Held Back Spinner R Sai Kishore Till 19th over?
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
- News Explained | Who Is Karen McDougal, Key Witness In Trump's Hush Money Trial?
- Finance DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared
- Education MP Board Class 10th, 12th Results 2024, Know Alternative Ways to Check Your Result
- Automobiles Aston Martin Vantage Launched In India At Rs 3.99 Crore
LG Electronics plans to introduce IoT products in India by 2018
LG Electronics is in talks with Indian mobile network service provider operators to introduce Internet of Things fueled home appliances products in the country by 2018.
LG Electronics is planning to bring Internet of Things (IoT) technology to home appliances products early in 2018. The Indian wing of the South Korean technology company is also in talks with several mobile network service operators to join hands and bring out the IoT based products in the country.
India is a major market for the brand and LG Electronics India had recorded a sale of Rs. 2200 crores in the country last year. It was also among the leaders for several appliances. LG Electronics has two manufacturing units in India. One in Greater Noida and the other in Pune.
IoT is an unexplored entity in India and Managing Director for LG Electronics India Ki Wan Kim has some plans regarding the technology. "This would be in home appliances first as washing machine, air conditioners and refrigerators, which would be IoT enabled and controlled," he stated.
He also mentioned that LG Electronics parent wing has already been selling IoT products in Korea while in India the wait is due to the need of partnerships with telecom service providers for data connectivity. "Here the telephone operators are studying it. If they are ready, we would combine it... We are in negotiations with the stakeholders."
Ki Wan Kim also reflected on the slow growth of mobile phone business in the country,"There is slow progress but we are working hard to revive our mobile phone business and the primary chunk is coming up with the compelling products."
LG Electronics, with its IoT plans, may change the face of technology in the country opening a gateway for more brands to invest in the venture.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804