Lumax Bags Supply Order From Maruti Suzuki
Lumax Industries Ltd, has received order to supply new age headlamps and rear lamps for the new generation Maruti Suzuki Swift, that commences production later this year at carmakers Gujarat facility in Mehsana district. The order will be fulfilled from the Sanand plant.
Company has done a capex of about INR 120 million, at Sanand, which is expected to commence operations from November 2017. The capex has been funded through internal accruals.
Going forward, the plant is expected to cater to the needs of TATA Tigor at Sanand as well as HMSI's existing models at Gujarat. The facility will have a capacity of about 300,000 car-sets annually. The plant is expected to be operational at its full capacity by FY19-20
Commenting on the order Mr. Deepak fain, Managing Director, Lumax Industries Limited said" Our unrelenting focus on new age product development, order fulfilment and strong relationships with our customers have helped us in expanding our order book. We have begun the financial year on a positive note and backed by our R&D and technological capabilities, we expect this growth to continue for the rest of the year. "
- Issued By:MARUTI SUZUKI INDIA LIMITED
- Bagged By:
- Region:Western India
- Industry:Transport Equipment
- Published On:2017-04-21