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Lumax Auto Technologies enters into JV with Japan based Mannoh Industrial Company

05 Mar 2014 Evaluate

Lumax Auto Technologies has signed a joint venture agreement (JVA) with Mannoh Industrial Company, Japan by forming a new Joint Venture Company (JVC) Lumax Mannoh Allied Technologies to design and manufacture complete Gear Shift lever systems for Manual, Automatic, AMT & CVT transmissions in India.

As per the agreement, Mannoh will pick up 45% equity in the new formed company effective from April 01, 2014. The new company will have its operations and R&D centre at IMT Manesar, Gurgaon. A new manufacturing site for the company’s business has already been completed and operations commenced from March 01, 2014.

Lumax Auto Technologies through its wholly owned subsidiary, Lumax DK Auto Industries, is the market leader in Design, Testing and Manufacturing of Parking Brakes & Gear Shift levers in India since the past 10 years with an overall domestic market share of more than 60%.

Lumax Auto Tech Share Price

1797.00 4.25 (0.24%)
20-Apr-2026 16:59 View Price Chart
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