LG Electronics India Expands B2B Portfolio With Automotive Business

LG Electronics India has announced its entry into the automotive business through a new Vehicle Solutions Business.

The move expands its business-to-business (B2B) portfolio and brings its global automotive technology offerings to India.

The company plans to manufacture and supply in-vehicle infotainment (IVI) and telematics solutions from its third manufacturing plant at Sri City, Andhra Pradesh. This automotive business will help LG Electronics India tap growing opportunities in connected vehicles, digital cockpits and intelligent mobility solutions.

The announcement came alongside the company's Q2 FY27 financial results on Thursday, November 5, 2026. LG Electronics India reported a 25.7 percent year-on-year (YoY) increase in profit after tax (PAT) to Rs 489 crore.

LG Electronics India Plans Automotive Manufacturing at Sri City

According to the company's exchange filing, the new Vehicle Solutions Business will cover several automotive and mobility-related activities. These include manufacturing, assembly, imports, exports, distribution and sales of automotive technologies.

The business will also cover the supply, installation, integration, servicing and maintenance of products, components, systems and software.

LG Electronics India said the initiative would bring LG Korea's global B2B automotive business to India. Its initial focus will include:

• In-vehicle infotainment: Advanced entertainment and information systems for vehicles.
• Telematics solutions: Technologies that support vehicle connectivity and data exchange.
• Automotive components and systems: Products and technologies supporting connected and intelligent mobility.

The company confirmed that these products will be manufactured and supplied from its third plant at Sri City, Andhra Pradesh.

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However, LG Electronics India has not announced a specific investment amount for the new automotive business. Investments will be made in phases, depending on the scale of operations, technology and equipment requirements, regulatory needs and prevailing market conditions.

The expansion is expected to help the company access emerging opportunities driven by rising demand for connected vehicles, digital cockpits, advanced infotainment systems and intelligent mobility solutions.

LG Electronics India Reports 25.7 percent Growth in Q2 Profit

Alongside its automotive expansion, LG Electronics India reported strong financial performance for the second quarter of FY27. The company's revenue from operations increased 19.5 percent YoY to Rs 7,380 crore in Q2 FY27, compared with Rs 6,174 crore in the corresponding quarter last year.

Its EBITDA rose 28 percent YoY to Rs 701 crore, against Rs 548 crore in Q2 FY26. EBITDA margin also improved by 63 basis points to 9.5 percent, compared with 8.9 percent in the year-ago quarter.

The company reported a profit after tax of Rs 489 crore, marking a 25.7 percent increase from Rs 389 crore in Q2 FY26.

Key financial highlights for the quarter include:

• Revenue from operations: Rs 7,380 crore, up 19.5 percent YoY.
• EBITDA: Rs 701 crore, up 28 percent YoY.
• EBITDA margin: 9.5 percent, expanding 63 basis points.
• Profit after tax: Rs 489 crore, up 25.7 percent YoY.

The improved performance came despite commodity price increases and currency-related headwinds.

With its entry into the automotive sector, LG Electronics India is looking to diversify beyond its existing consumer electronics and home appliance businesses. The new automotive business also creates an opportunity to strengthen its presence in India's growing mobility and automotive technology market.