Lumax Auto To Set Up Research & Development Centre In Maharashtra
Lumax Auto Technologies Limited informs about the New Research & Development Centre at Pune, Maharashtra.
The upcoming BS-VI Regulations applicable from the Year 2020 have poised stringent guidelines. New products related to emission systems are expected to undergo a change in design and efficiencies to align with the guidelines. This R&D Centre is being set up with a focus on developing designs and facilitating localised design support to its Customers in alignment with the 2020 guidelines. Through this R & D Centre Company wants to build in-house R&D capabilities for further development of products & support to Original Equipment Manufacturer (OEM).
2. Mode of financing
Lumax Cornaglia Auto Technologies Private Limited plans to establish this R&D Centre through self-accruals.
3. Investment required
The initial investment is expected to be in the range of Rs. 2 Crores with the scalability of up to Rs. 5 Crores within the period of the next three (3) years.
4. The period within which the proposed capacity is to be added
There are no production capabilities linked with this R&D Centre, it is mainly dedicated for research work. The R&D Centre is expected to be functional within this Financial Year i.e. 2018-19.
5. Existing capacity utilization
This R & D Centre has no connection with current production capacities. The current capacity utilisation is around 50 % with the option to scale up as per the business requirements.
6. Existing capacity
The initial existing capacity is approximately 50 projects annually. The same can be scaled up in accordance with the business need. This R&D Centre is expected to engage Italian and Indian Engineers working for design, development and testing of new projects in Air intake systems, 3-D Ducts, Urea tanks and other Emission related products.