Lumax Auto Technologies has secured its Board’s approval to sell its entire equity stake (alongwith its nominee shareholders) aggregating to 50% of the equity share capital of its joint venture company -- Lumax Jopp Allied Technologies to Jopp Holding GmbH, Germany, the Joint Venture Partner. The transaction is expected to be completed by June 30 2026. Consequent to the completion of the transaction, Lumax Jopp Allied Technologies will cease to be a Joint Venture of the company. The Board of Directors of the company at its meeting held on May 8, 2026, has approved the same.
This portfolio realignment reflects the company’s continued focus on the Northstar vision and Mid-term plan (FY 26 - FY 31), enabling sharper focus on businesses that are more closely aligned with its future growth and financial priorities.
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.
