Voltas leads air-conditioner market; LG slips to number 2 position

After a decade of dominance in white goods, Korean giant LG abdicated its leadership position in India in May when it was relegated to No 2 position by Voltas in the 7,000-crore room air-conditioner market. According to latest data from market researcher GfK-Nielsen India, LG’s volume market share in multi-brand outlets-a key sales channel that accounts for almost 90% of AC dealerships-stood at 17.7% in M...