Lumax Auto Technologies has signed a Joint Venture Agreement with Jopp Holding JmbH, Germany for manufacturing and sale of the Automotive components such as Shift Tower (Mannual & Automated)/ Shift Forks & All Gear Sensor Assembly. Under the Joint Venture, both the partners will hold an equal 50% share in the new entity to be named Lumax JOPP Allied Technologies. While JOPP will bring the world class technology for its products to joint venture, Lumax will provide its 7 decades' rich experience towards management of the JV in India. Focus of JV is towards self-reliance in technology & establish a state of art R&D centre in India along with manufacturing operations.
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