The “life’s good” company – LG on Thursday declared that it is looking to increase its market share in the flourishing mobile phone market of India. LG announced to launch 50 new mobile handsets by the end of this year in the Indian market.

Announcing its three new smartphones Crystal, GM 730, and Viewty Smart at the telecommunications conference CommunicAsia 2009, LG declared that it is aiming to double its marketshare to 11 percent in the dramatically growing GSM mobile telephony market. Presently, LG has a 5.25 percent market share in GSM segment, and near about 50 percent market share in the CDMA segment.       

The Head (Asia Pacific Region), Mobile Communication Company of LG Electronics, Bo H Choi told that LG GM 730 will be released globally in July. He declared that the three touch screen smartphones – Crystal, GM 730, and Viewty Smart – will be released in India by September. He disclosed that the LG GM 730 will be available for over Rs 25,000 in India, but he didn’t reveal the features, and the prices of the other spartphones.

According to Choi, seeing the growing demand of mobile phones in India, LG will focus on India as investment destination. The company is also planning to launch India specific products to attract more and more Indian customers.

Choi disclosed that LG is also planning to hike it the production capacity of its Pune manufacturing plant, which currently produces 5 lakh units of mobile handsets, which are exported to the Middle East, African and Asian markets.

Choi claimed that currently LG is the world’s third largest mobile handset manufacturer behind Nokia and Samsung, but ahead of Motorola and Sony Ericsson. He revealed that LG sold 100.8 million handsets globally to claim about 9 percent market share in the global market in 2008.