LG Energy Solution garners over 50% market share in Indian electric two-wheeler market, to expand to 3W and 4W segment
LG Energy Solution India, a marketing subsidiary of LG Energy Solution (KRX: 373220) located in New Delhi, today celebrates its first anniversary in the country. It was last year that the company officially established its subsidiary in India, to closely monitor the fast-changing market trends and respond more efficiently to local customers’ needs.
Interestingly, even before opening LG Energy Solution India, the company has been a major player in the country since its market entry in 2015, establishing a strong presence in the rapidly-growing light electric vehicle (LEV) market ever since.
