Lumax Industries Limited Set-up of in-house Electronic Facilities
Deepthi | Myequity news | Date : 15-02-2019 21:55:00 IST
Lumax Industries have decided to put up an in-house Electronic facilities for manufacturing of PCBs (a critical part to lighting systems) for its captive consumption, keeping in view the increased focus on electronic content in the Automobiles, due to request from OEMs. About Lumax Industries Limited:
The necessary process technology and manufacturing expertise will be provided by JV partner Stanley Electric Co. Ltd., Japan who is pioneer in this field. The purpose of this new set up is to keep pace with growing technology demand by OEMs. The estimated investment would be to the tune of Rs. 75 crores.
Lumax Industries Limited, a flagship company of D.K. Jain Group, is India’s pioneer and most experienced player in the Automotive Lighting Industry. The company has over 3 decades of strong partnership with Stanley Electric Co. Limited, Japan, a world leader in Vehicle Lighting and illumination products. Lumax has nine ultra-modern manufacturing plants in India, strategically located near manufacturing locations of major OEMs.