Omax Autos has received an approval to close one of the business unit of the company named ‘Automax’ situated at Delhi-Jaipur Highway, Binola, Gurgaon in state of Haryana. The board of directors at its meeting held on April 19, 2017 has approved for the same.
The company is taking this step due to lack of business, high manpower cost and recurring losses. The unit is expected to be closed within six months subject to regulatory approvals.
Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and railways.
