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Lumax Automotive Systems Ltd.

BSE: 532537 Sector: Auto
NSE: LUMAXAUTO ISIN Code: INE547G01019
BSE LIVE 15:40 | 02 May Stock Is Not Traded.
NSE 14:28 | 02 May Stock Is Not Traded.
OPEN 12.00
PREVIOUS CLOSE 12.60
VOLUME 3815
52-Week high 25.00
52-Week low 12.00
P/E
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.00
CLOSE 12.60
VOLUME 3815
52-Week high 25.00
52-Week low 12.00
P/E
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Lumax Automotive Systems Ltd. (LUMAXAUTO) - Chairman Speech

Company chairman speech

LUMAX AUTOMOTIVE SYSTEMS LIMITED ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT India's automobile industry is perhaps the. biggest showpiece of its liberalization intent. Easy access to low cost credit, wide choice across various price points, accelerated introduction of new models and international standard of automobile safety, comfort and fuel efficiency has widened the market for automobile components. In turn, this widened the market for automobile components, enhanced scale, reduced costs and migrated Indian from a mere captive supplier into a low-cost global outsourcing destination. According to the ACMA (Auto Components Manufacturers Association of India), the automobile sector is set to grow at a CAGR of 15 per cent till fiscal 2012. This sector is now working towards an open market. A large number of joint ventures with leading global manufacturers have already been set up in the auto-components sector. And with India estimated to have the potential to become one of the top five auto component economies by 2025, the pace is expected to pick up even further When a long-suppressed economic potential of a country like India gets unleashed, the dream of any manufacturer is to be comprehensively present across the entire breadth of the industry and emerge as a longstanding supplier to its largest and fastest growing entities. Amazingly, we'at Lumax have already arrived at this distinction. We want to grow faster than our competitors; we want to effectively capture every upturn in India's automobile economy and want to capitalize on every positive development among its largest players. Your support, confidence and interest in our Company is required at every step. U.K. JAIN Chairman & Managing Director