Lumax Auto Technologies Limited Invests in Lumax Alps Alpine India Private Limited
Lumax Auto Technologies Limited announced on Friday, March 27, 2026, that its Board of Directors approved an investment of up to Rs. 7 Crores in Lumax Alps Alpine India Private Limited (LAAIPL). LAAIPL is a Joint Venture Company.The Board meeting commenced at 12:30 P.M and concluded at 01:20 P.M.
LAAIPL, incorporated on September 21, 2021, is engaged in the manufacturing of automotive power window switches, sensors and control modules. It has a manufacturing facility located in Gurugram and is based in New Delhi, India.
According to its latest audited financials, LAAIPL reported a net worth of Rs. 2,634.46 Lakhs, a profit after tax of Rs. 270.52 Lakhs, and a turnover of Rs. 4,917.60 Lakhs for the fiscal year 2024-25. Its turnover for the preceding two fiscal years was Rs. 3,073.51 Lakhs (2023-24) and Rs. 3,096.76 Lakhs (2022-23).
The company currently holds a 50% equity share capital in LAAIPL, and the investment will be on an arm's length basis. The current investment is intended to support Capex/working capital and other general corporate/business purpose requirements of LAAIPL. The transaction is expected to be completed within approximately 3 months, involving a cash consideration of up to Rs. Seven Crores. The investment is not anticipated to have a major impact on Lumax Auto Technologies Limited.
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