As per latest regulatory filings with Registrar of Companies, LG India’s mobile phone business was Rs 190 crore as compared to its total business of Rs 15,709 crore in 2019-20. In fact, the mobile business was the only loss-making unit in the Indian operation with gross loss of Rs 91 crore in FY20.
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Monday, April 5, 2021
‘LG’s exit from mobile phone business globally won’t impact Indian market much’
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