Lumax Auto Technologies Limited — JV/Acquisition, 22-05-2025: Acquisition

Lumax Auto Technologies has completed buying the remaining 25% stake in IAC International Automotive India, making it a fully owned subsidiary. This deepens Lumax’s control, likely boosting operational efficiency and integration in its automotive components business. The acquisition is set to enhance synergy and streamline decision-making, supporting Lumax’s growth and competitiveness in the auto parts sector.