Priced between Rs 16,000 and Rs 30,000, the Korean company launched four 3G-enabled GSM models, which would offer live video streaming, gaming, continuous video recording, downloads among others at a speed of 384 kbps (as against a GPRS speed of 48 kbps).
The company plans to start manufacturing 3G-enabled handsets at its Pune plant by early next year, Deba Ghosal, head (brand management and product planning), said.
"We want to initiate the product in the market before the service starts. With 3G networks becoming a reality in India in times to come, the idea behind showcasing latest 3G handsets is India is to make people aware of its features and LG has taken the lead in that", C M Singh, head (consumer electronics and GSM), LG Electronics India, said.
LG has a 54 per cent market share in 3G handsets in Europe and Middle East.
LGEIL, a part of the 30 billion Korean major LG, is gearing up to push its market share in GSM segment by focussing on colour and camera phones.
"The contribution of GSM mobile phones to LGEIL sales should increase to eight per cent from current one per cent in 2003 and three per cent in 2004, a CAGR of 40 per cent and LG aims to strengthen its market share in GSM category to 13-15 per cent in 2005 and 21 per cent in 2006, Ghosal said.
