"It also wants to float brand stores in these online marketplaces like the way Samsung has done. While there may be some products which will be sold both online and offline, the brand will ensure there are no arbitrary discounts. In 2014-15, the company grew by 12% after three years of no growth. "LG plans to partner with leading ecommerce sites like Amazon, Snapdeal and Flipkart so that it can launch online exclusive models, control price and the service experience," said one of the executive cited earlier. Financial results for 2015-16 are yet to be declared.

Source: Economic Times June 05, 2016 08:03 UTC