Lumax Auto to set up ₹150 Cr Mechatronics facility in Manesar

Lumax Auto Technologies Ltd announced that its Board of Directors has approved the establishment of a new Mechatronics manufacturing facility in Manesar, Haryana. The project involves a capital outlay of approximately ₹150 Crores and will focus on producing Electronic Components, including Body Control Modules, for leading OEMs. The facility is expected to generate an annualized turnover of around ₹500 Crores post-commissioning and will be funded through a mix of debt and internal accruals. The project is slated for commissioning in two phases, starting from Q3 FY 2028. Additionally, the Board reviewed the company's un-audited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026, and approved the issuance of corporate guarantees up to ₹15 Crores for its subsidiary, Lumax Greenfuel Energy Solutions Private Limited.