LG Electronics India achieved 1 million+ AC sales in Q1 CY26, marking its fastest-ever summer season start in India.
Key growth drivers include early BEE star-rated AC launch, ICC World Cup marketing, and GST cut on ACs from 28% to 18%.
Company is expanding AC manufacturing at its upcoming Sri City plant to meet rising cooling demand in India.
Management anticipates stronger Q2 CY2026 demand, citing GST reduction as a structural affordability boost for the industry.