Lumax Auto Technologies to Acquire Remaining Stake in IAC India, Strengthening Strategic Vision and Enabling Future Growth

Lumax Auto Technologies Limited (LATL) has signed an agreement to acquire the remaining 25% stake in IAC International Automotive India Private Limited (IAC India) from the International Automotive Components Group (IAC Group). IAC Group will continue to support IAC India through a technology support agreement. IAC India is a well-established Tier-1 plastic interior systems and components supplier to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles among others. The acquisition is expected to be completed by 31 May 2025. Post acquisition, IAC India will become a Wholly Owned Subsidiary of LATL. LATL will explore the possibility of merging IAC India with Lumax in accordance with legal and regulatory requirements to unlock further synergies between the two companies.