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Lumax Auto gets nod to sell entire 50% stake in Lumax Jopp Allied Technologies

08 May 2026 Evaluate

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.

Lumax Auto Tech Share Price

1762.00 25.30 (1.46%)
11-May-2026 10:21 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 130.30
Tube Investments 3010.00
Bosch 37430.00
UNO Minda 1165.75
CIE Automotive India 469.15
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