MoneyWorks4Me

Lumax Industries gets nod to set up new manufacturing facility in Gujarat

12 Mar 2024 Evaluate

Lumax Industries has received approval for setting up New Manufacturing Facility at Sanand (Plant-3), Gujarat. This project will cater to the new orders received from OEM customers for advance lighting solutions. The Project is expected to be commissioned by Q1 of FY2024-25. 

The company has also received approval for expansion of Chakan Plant (Phase-II) at Pune. This project will cater to the new orders received from OEM customers for advance lighting solutions and this Project is expected to be commissioned by Q3 of FY2024- 25. The Board of Directors of the company, at their Meeting held March 12, 2024, has approved the same.

Lumax Industries offers a range of Automobile Lighting Systems and Solutions for Four Wheeler, Two Wheeler, Trucks, Buses, Earth-movers, Tractors and a variety of diverse applications.


Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
View more..