Lumax Auto Technologies Limited — Important, 28-05-2025: General Updates

Lumax Auto Technologies’ subsidiary IAC India has announced a board meeting on inaugurating two new manufacturing plants in Chakan, Pune. The Rs. 64 Cr investment boosts production capacity by ~50%, mainly catering to Mahindra and other major OEMs. The plants incorporate advanced automation and solar power covering 30% of energy needs, enhancing IAC’s position in automotive interiors and supporting growing demand for BEV components from clients like Mahindra and Maruti Suzuki.