Investment27 Mar 2026, 01:46 pm
Lumax Auto Technologies Ltd. Approves Rs. 7 Crores Investment in Lumax Alps Alpine India Private Limited
AI Summary
Lumax Auto Technologies Ltd. announced the outcome of their Board Meeting held on March 27, 2026, where they approved an investment of up to Rs. 7 Crores in Lumax Alps Alpine India Private Limited (LAAIPL), a Joint Venture Company. The investment is intended to support LAAIPL's Capex/working capital and other general corporate/business purpose requirements. LAAIPL, incorporated in 2021, is engaged in manufacturing automotive power window switches, sensors, and control modules, with a manufacturing facility in Gurugram, India. The transaction will be on an arm's length basis, and the investment is expected to be completed within three months.
Key Highlights
- Lumax Auto Technologies Ltd. to invest up to Rs. 7 Crores in Lumax Alps Alpine India Private Limited (LAAIPL).
- The investment supports LAAIPL's Capex/working capital and general corporate/business purpose requirements.
- LAAIPL is a Joint Venture Company incorporated in 2021, manufacturing automotive power window switches, sensors, and control modules.
- The transaction will be conducted on an arm's length basis.
- The investment is expected to be completed within three months.