LG Electronics India plans to invest Rs 800 crore this year on various activities including marketing and research as it looks at increasing its overall market share to 35 per cent by December.
The consumer durables major, which is still to come out with its 2013 revenue numbers, is eyeing a turnover of Rs 22,000 crore in 2014.
"We plan to invest Rs 800 crore this year. While Rs 300 crore would go into R&D and production, Rs 500 crore would be invested in marketing and branding during 2014," LG Electronics India Managing Director Soon Kwon told PTI.
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