Lumax Auto Technologies incorporates subsidiary company
23rd Sep 2021

Lumax Auto Technologies has incorporated ‘Lumax Alps Alpine India’ as 50% Subsidiary of the company on September 21, 2021. The company has agreed to subscribe initial capital of 50,000 Equity Shares of Rs. 10 each aggregating to Rs 5,00,000 (equivalent to 50% of the paid up capital) in this subsidiary company.

Lumax Auto Technologies manufactures a wide range of automotive components. The company's products include drive transmission and steering components, body and chassis, and electrical components.