Lumax Industries has received approval from its board to put up in-house electronic facilities for manufacturing of PCBs (a critical part to lighting systems) for its captive consumption, keeping in view the increased focus on electronic content in the Automobiles, due to request from OEMs. The estimated investment would be to the tune of Rs 75 crore.
The necessary process technology and manufacturing expertise will be provided by JV partner Stanley Electric, Japan who is pioneer in this field. The purpose of this new set up is to keep pace with growing technology demand by OEMs.
Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality Head Lamps and Tail Lamps, Sundry and Auxiliary Lamps and other related products.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
| View more.. | |
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