Lumax Auto Technologies completes acquisition of majority shareholding in IAC India
11th Mar 2023

Lumax Auto Technologies has completed the acquisition of majority shareholding (representing 75% of share capital on fully diluted basis) in IAC International Automotive India (IAC India) through its wholly owned subsidiary namely Lumax Integrated Ventures. Accordingly, IAC India has become the step-down subsidiary of the company and subsidiary of Lumax Integrated Ventures with immediate effect.

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.