Consumer electronics majors eyeing growing LCD TV market; Samsung, LG emerge leaders
Major consumer electronics players like LG Electronics, Samsung, Sony and Haier are in the race to gain a majority stake in the growing LCD TV market in India. The latest ORG survey for the quarter ended March 2007 revealed that nearly 65 per cent of the LCD television market was dominated by Samsung and LG Electronics.

Major consumer electronics players like LG Electronics, Samsung, Sony and Haier are in the race to gain a majority stake in the growing LCD TV market in India. The latest ORG survey for the quarter ended March 2007 revealed that nearly 65 per cent of the LCD television market was dominated by Samsung and LG Electronics. Samsung leads with 36 per cent market share, followed by LG with 30 per cent, and Sony at 14 per cent.
R Zutshi, Deputy Managing Director, Samsung India, said, “LCD television still remains a premium category in the Indian market, even though the affordability has improved considerably due to growing volumes, domestic manufacturing and the efforts by manufacturers to grow this category through attractive pricing and product bundling.”
“There are various factors fuelling the growth of the LCD category. The growing availability of the LCD product ranges in different parts of the country, growing affordability among consumers, innovative product introductions, the awareness creation on this technology by manufacturers and the consumer preference for flatter displays are responsible in contributing to the growth of this category. Innovative value-added promotional offers like product bundling of LCD with home theatres, free Tata Sky connection, etc. are also helping in the category growth,” added Zutshi.
On the other hand, LGEIL has a different marketing strategy. The company recently announced its latest innovation, the Pearl Black LCD range. V Ramachandran, Director-Sales and Marketing, LGEIL, said, “We hope to sell 20,000 units of Pearl Black range over the next 45 days, generating Rs 8 crore in the launch phase. LG is witnessing exponential growth in this category. LGEIL plans to capture around 30 per cent of the flat panel display or FPD market by the year-end, as against the current 23 per cent market share.”
“Currently, we are market leaders in the plasma TV category. The launch of the Pearl Black LCD range will strengthen our position in the LCD TV market so that we can lead the segment by Q1 2008. We are number two in the LCD category and we aim to be number one in 2008,” added Amitabh Tiwari, Business Group Head, LGEIL.
RT Rajan, Vice President-Sales and Marketing, Haier Appliances India, said, “One of the growth factors behind LCD market is that people today are looking for a fusion of style, technology and innovation in the products that they buy. The LCD TV market remains in a phase of explosive growth, mainly due to booming sales of large-sized sets as the consumers’ desire for large TV screens is growing. Even though the market share for LCD CTVs is still small, this segment will eventually dominate the market due to innovations in technology and declining prices for large screens.”
“According to industry figures, the flat TV market is growing by 47.7 per cent and contributes to over 50 per cent of the CTV market. Last year, the market size for LCD and plasma television sets was 30,000 units and this year, it is expected to grow to two lakh units,” added Rajan.
Sony India has also recently launched its new Bravia LCD TV range in India. Commenting on the launch, Masaru Tamagawa, Managing Director, Sony India, said, “We are targetting the Bravia range of LCD televisions at the Rs 10-lakh plus annual income group.”
According to LGEIL’s Tiwari, availability of easy finance, along with reduction in prices, and increase in disposable incomes of people has led to a spurt in the demand for LCDs, which are now becoming increasingly accessible even to the middle class. The company is trying to reach out to mini-metros in addition to the big cities.
Meanwhile, Samsung has a different strategy to maintain its stronghold on the market. Zutshi elaborated, “At Samsung, our endeavour has been to grow this category by continuously introducing our new and innovative models, by focussing on product displays at our multi-brand counters as well as Samsung brand shops, and by offering innovative product bundling offers for consumers. Currently, we are offering our consumers unique combo offers. In order to strengthen Samsung’s LCD range offering, we are setting up attractive LCD displays at around 600 multi-brand counters across the country.” Samsung already has a strong presence in all the large retail formats like Reliance Digital and Croma, and plans to strengthen its presence in upcoming retail chains in the country.
Zutshi explained that the FPD market, which was at 1.45 lakh units last year, is expected to grow to 4 lakh units this year. “We expect it to touch three million units by 2009-10. Being a market leader in the LCD and plasma TV markets, Samsung is aiming at a 50 per cent market share this year,” he added. The company currently has a 37 per cent market share in LCD TVs segment, and 33 per cent market share in plasma TVs segment, as per the ORG survey for January-May 2007.
With all the top names in the LCD market space vying for the numero uno position in the market, it will be interesting to see how the upcoming festive season will affect their individual sales and profits.
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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
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Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
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Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
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Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
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KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
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