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Lumax Auto Technologies has announced a board meeting on acquiring the remaining 25% stake in IAC International Automotive India Pvt Ltd, making it a wholly owned subsidiary. IAC India, a leading Tier-1 supplier of plastic interiors and a key player in EV interiors, operates five plants and an advanced engineering center with 330 specialists. This move will enhance Lumax’s presence in automotive plastics, improve cost efficiency, and boost innovation in EV platforms and sustainable mobility.