The JV firm, Hengst Luman India, would manufacture the filter modules at its manufacturing facility in the Capital.
"The expected investment in this JV for the next five years would be around Rs 300 crore," Luman Industries Director JS Sethi told reporters here.
Daimler India is going to be the JV's first customer in India, he added.
Commenting on the development, Hengst SE & Co Chief Executive Officer Robert Stoesser said the tie-up would be a win-win proposition for both the partners.
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