Lumax grows order book by 4X; aims to fully localize by 2025, Auto News, ET Auto



At the moment, the corporate manufactures about 25,000 PCB assemblies per day, whereas working throughout 4 floor mount expertise (SMT) traces in three shiftsNew Delhi: Main auto part participant Lumax Group, which in January 2022 began industrial manufacturing at its greenfield electronics plant in Bawal, Haryana, stated it has a “more healthy order e-book” which has grown by 4X in comparison with pre-COVID.The Group invested INR 100 crore on the Bawal plant to supply electronics elements for the captive consumption of its 33 amenities in 8 states. Lumax stated now it has elevated localisation of elements from 20% to 50% and it’s assured that it is going to be capable of obtain full localisation of elements at this plant by the subsequent three years.The Gurugram-based DK Jain Group has two publicly traded corporations: Lumax Industries, which manufactures auto lighting options, and Lumax Auto Technologies which is into telematics, gear shifters, antennas, plastic modules, and others.Within the newly-established electronics facility, Lumax has began with manufacturing printed circuit boards (PCBs), a core part of automotive lighting system, to cater to its enterprise. It manufactures about 25,000 PCB assemblies per day, whereas working throughout 4 floor mount expertise (SMT) traces in three shifts. The plant employs about 300 folks, with a male-female ratio of 75:25.Lumax Industries is investing about INR 15 crore in FY23 for enlargement. “We invested initially to construct your entire infrastructure and shifted operations from the rented premises at Manesar to Bawal. Now we’ve got 4 SMT traces and the scaleability to extend it to 16 traces. Our plan is to extend one line per 12 months and every of those prices about INR 10 crore,” Vineet Sahni, Group CEO, Lumax, stated.  Lumax Industries plans to increase one line per year and each of these costs about INR 10 crore. Lumax Industries plans to extend one line per 12 months and every of those prices about INR 10 crore.
The corporate works with OEMs throughout the segments together with Maruti Suzuki, Tata Motors, Mahindra & Mahindra, MG Motor, Honda Vehicles, Hero MotoCorp, HMSI, TVS Motor, Bajaj Auto, and others. It additionally has a three way partnership (JV) with Stanley Electrical, Japan, which holds 37.55% stake, to assist it with expertise and manufacturing of digital elements together with increasing the product portfolio.Sahni believes that the electrical automobiles will take velocity within the Indian vehicle business round FY25 and thus the corporate is considering manufacturing particular elements for the EV business with its JV associate. Lumax is but to declare its March 2022 quarter earnings. It had closed FY21 with a turnover of INR 2,700 crore. Its design workforce in Pune and Gurugram has round 42 members. Additionally Learn:The three way partnership will present an entire vary of Stanley Electrical merchandise, present and future, to the Indian automotive business.



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