The Indian market looks very important process, customers not only looking at mobility and basic computing features but yearning for more technologically advanced features. The market is fast moving towards high-end customized products which are both technologically advanced and aesthetically designed to complement the modern households.
Consumers are now looking at products which are not only functional but have functional design and sleek looks to match their home interiors also. In such a scenario, it has become imperative for companies to take product design seriously and since refrigerators are an integral part of home products. To conclude, our high priority in coming years will be to maximize customer satisfaction and heighten the competitive edge of our flagship products.
The recent global recession has had its effect across sectors, we at LG believe that ups and downs in the economy are a usual feature and follow each other. Also, when consumers step out to buy any durable product, their biggest needs are for product quality, performance and service. The entire economic work US subprime crisis, which has also affected the Indian businesses to a great extent and it has been a considerable slowdown in the industrial growth.
