Lumax opens centre in Taiwan to enhance design prowess

Lumax Industries, a leading supplier of lighting products for the automobile industry, has opened a design centre in Taiwan to strengthen its in-house design capabilities.
The opening of the centre is a strategic step towards the company's self-reliance initiatives and making designing-cost competitive, Lumax Industries said in a regulatory filing.
"Besides facilitating communication between Taiwanese companies and the Indian headquarters, the well calculated move will serve as Lumax's springboard for doing business in Japan, South Korea and mainland China in future," the company said.
The company's annual purchases stood at roughly NT dollar 350 million from Taiwan's tooling, machinery and equipment suppliers.

"The design centre in Taiwan will synergise the company's efforts to deploy best practices in its manufacturing engineering to produce highly integrated innovative products in addition to capitalising on the strategic advantage of Taiwan as an established and high quality, yet cost effective, destination for tooling," Lumax Industries Chairman DK Jain said.
The centre will fulfill market needs for innovative lighting solutions and reduce the development time for technologically advanced products.
In line with its business strategy, the company has already established a design studio and a new technology group at its Chakan plant in Pune.
Shares of Lumax Industries were trading 1.08 per cent down at Rs 496.20 apiece on BSE during pre-close session.