Lumax Auto Technologies has received approval for incorporation of a Wholly Owned Subsidiary (WOS) Company in the name of ‘Lumax Resources’ or any other name, as may be approved by the Ministry of Corporate Affairs, Office of the Registrar of Companies, Central Registration Centre.
The operations of new WOS, will be in line with the company's vision, will enable the company to further address growth opportunities in automotive sector. The Board of Directors of the Company, at their Meeting held on February 13, 2024, have inter-alia, considered and approved the same.
Lumax Auto Technologies manufactures a wide range of automotive components. The company's products include drive transmission and steering components, body and chassis, and electrical components.
