Lumax Auto Technologies has received an approval for serving the notice to Gill-Austem LLC (JV Partner) for termination of Joint Venture (JV) Agreement due to non-performance of obligation by the JV Partner even after the expiry of the cure period in terms of Joint Venture Agreement. The Board of Directors of the company at their meeting held on February 11, 2020, approved the same.
Lumax Auto Technologies has carved its strong position in automotive parts like sheet metal parts, fabricated assemblies, tubular parts, for two wheeler and three wheeler industry. They operate in two segments, namely Automotive Parts and Trading of Motor Adjusters.
