Lumax Auto Technologies Limited — JV/Acquisition, 29-05-2026: Acquisition

Lumax Auto Technologies will fully acquire Lumax FAE Technologies (LFAE) by purchasing the remaining 15.97% stake for approximately Rs 1.92 Cr. This strategic move makes LFAE, a key supplier of oxygen (O2) sensors to Indian automotive OEMs, a 100% wholly-owned subsidiary. The acquisition gives Lumax complete control, strengthening its product portfolio in vital automotive components and ensuring seamless integration. FAE, Spain will continue offering technical support, ensuring business continuity without immediate operational changes.