Lumax Industries, a leading supplier of lighting products for the automobile industry, plans to invest around Rs 300 crore over the next five years to augment capacity.
The company makes products such as head lamps (4-wheeler and 2-wheeler), rear combination lamps, auxiliary lamps and sundry lamps for Indian as well as global brands like Hero MotoCorp, Honda Cars, HMSI, Maruti Suzuki, Mahindra and Tata Motors. It also exports to Audi, Nissan, JLR and John Deere.
A statement from the company said that it had invested around Rs 160 crore to substantially increase it manufacturing capacity and R&D capabilities at it Bawal and Bangalore facilties. It also has facilities at Gurgaon and Dharuhera in Haryana, Chinchwad and Chakan in Maharashtra and Haridwar and Pantnagar in Uttarakhand. ``Keeping in view the present order book, the proposed investment would be around Rs 300 crore in the next five years,’’ the statement said.
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The company also launched its TPM (Total Productive Maintenance) drive in its Bawal, Dharuhera and Chakan plants. ``We believe that in future, TPM would be the route to service our customer successfully,’’ Deepak Jain, MD, Lumax Industries said in a statement.