LG to launch record 50 handsets in India

SINGAPORE: Eyeing to double its market share to 11 per cent in the fast growing GSM mobile telephony, world's third largest mobile phone maker LG Electronics today said it will launch 50 handsets by the end of 2009 in the Indian market.

"The number of product line-up has doubled as compared to 2008. We plan to launch 50 handsets by the end of December and aim to keep our market share over 11 per cent there (India)," Bo H Choi, Head (Asia Pacific Region), Mobile Communication Company of LG Electronics told PTI.

At present, the South Korean firm has a 5.25 per cent in GSM segment while the company enjoys nearly 50 per cent market share in the CDMA space. Choi was speaking after LG's launch of three new smart phones — Crystal, GM 730 and Viewty Smart — at telecommunications conference CommunicAsia 2009, here.

He pointed out the company would be eyeing India as one of the important investment destinations since the demand from developed economies are witnessing a saturation.

In terms of global sales, LG is the third-largest behind Nokia and Samsung. The South Korean entity is ahead of Motorola and Sony Ericsson.