Lumax Industries

Unlike many other auto component makers in India, the Lumax Group is not focused on exports

As many as 18 companies, including Voltas, MIRC Electronics, Lumax and UNO Minda, with a committed investment of Rs 2,299 crore, have been selected to avail benefits under the production-linked incentive (PLI) scheme for white goods sector, an official said on Monday. In October last year, 38 companies had filed applications with proposed investments of Rs 4,121 crore under the scheme in the third round. "In the third round of the online application window of the PLI scheme , a total of 38 applications were received. After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of Air Conditioners and 8 manufacturers of LED Lights, with committed investment of Rs 2,299 crore," the commerce and industry ministry said. In addition, it said, six existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional investment of Rs 1,217 ...

The board has approved the company's plan to set up new manufacturing unit in Chakan, Pune to cater to the orders received from OEMs

Lumax Industries Ltd has filed a suit in Delhi High Court seeking to restrain Hindustan Auto Industries Ltd in relation to a dispute on purported trademark infringement and device marks.

It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India

Automobile lighting major Lumax Industries has reported revenue of Rs 504 crore for Q4 FY21 as against Rs 387 crore in the same period of previous fiscal, marking a 30 per cent increase

The company said, the auto OEMs are currently facing a challenging time, which is likely to impact the performance of the auto component industry.

In past one week, post Q2FY18 earnings, the stock rallied 18%, as compared to 1% decline in the S&P BSE Sensex

The stock rallied 8% to Rs 1,575 in intra-day trade, extending its Tuesday's 6% gain on the BSE.

In past one-year, Lumax Industries has zoomed 235% as compared to 14% rise in the S&P BSE Sensex.

In past three months, the market price of these three companies has gain more than 25% each

The stock moved higher by 11% to Rs 1,180, also its record high on the BSE