LG Electronics expects of 3-million CTV sales

New Delhi: Consumer durables major LG Electronics India Ltd (LGEIL) said on Tuesday that it expects its CTV sales to grow 25 per cent to 3 million units this year, up from 2.4 million units in 2004.

The company said growth was expected to be even higher in value terms as it had increased focus on the high-end segment including PDPs and LCD TVs.

Company officials said that in 2003, about 88 per cent sales came from conventional TVs and barely 10-12 per cent from flat TVs; but this year the ratio is likely to be 50:50 due to a change in the consumers' buying pattern. They said the company expected to increase its market share in the CTV market to 30 per cent this calendar year from 24 per cent in 2004.

LG on Tuesday launched a new range of display panels including a wireless LCD monitor and a 14-inch PDP.