Lumax Auto Technologies Limited — JV/Acquisition, 16-05-2025: Acquisition

Lumax Auto Technologies has announced a board meeting on acquiring the remaining 25% stake in IAC International Automotive India Pvt Ltd for ~INR 221 Cr cash. IAC India, a key subsidiary with FY24 revenue of INR 886 Cr, supplies interior systems to major OEMs like Maruti Suzuki and Volkswagen. This move will make IAC India fully owned, boosting Lumax’s grip on advanced engineering capabilities and a strong client base, positioning it for sustainable growth in automotive components.