Samsung not following LG route, rules out India IPO plans
What's the story
Samsung Electronics has no plans to list its Indian business on the stock market for the time being. The company's CEO, JB Park, told PTI that they are focusing on accelerating artificial intelligence (AI) adoption in their products and expanding their consumer finance arm. This comes as part of Samsung's strategy to drive sales in one of its most important growth markets.
Growth strategy
Samsung's manufacturing expansion in India
Samsung is also looking to expand its manufacturing operations in India. The company has applied under the production-linked incentive (PLI) scheme for components to manufacture mobile phone displays locally. Park also emphasized that Samsung has other ways to fund its capital requirements for growth investments. These include institutional borrowings or corporate bonds, among others. He said, "So, there are multiple options that you can get the working capital in place. So, IPO is not the plan for Samsung."
Product innovation
Samsung's finance scheme and AI integration
Samsung is also looking to expand its interest-free finance scheme, currently applicable for smartphones, to home appliances. Park said "more than 40% of smartphones have been sold on Finance+" under this scheme. He added that the segment is growing at a rate of 10% every year. AI will be a key part of future Samsung products, with some being showcased at CES 2026 next month.
Tech advancements
Samsung's AI appliances and kitchen innovations
Samsung will unveil upgrades to its AI appliance range at CES 2026. These include the AirDresser, Laundry Combo, WindFree Pro Air Conditioner, and Jet Bot Steam Ultra robot vacuum. The improvements combine AI-powered customisation with hardware enhancements for smarter fabric care, intuitive temperature control, and seamless cleaning experiences. In the kitchen segment, an upgraded version of the AI Refrigerator Family Hub will be showcased.