The new facility will cater to the growing demand for Lumax products from its key customers, including Tata Motors and Mahindra & Mahindra. The company has been expanding its manufacturing capacities in Western India in anticipation of the growth of the electric vehicle (EV) market in the region.
“We are excited to announce the commencement of operations at our new manufacturing facility in Pune,” said Deepak Jain, Chairman and Managing Director of Lumax Industries. “This facility will play a key role in meeting the growing demand for our products and supporting our expansion in the EV market.”
The new facility is equipped with state-of-the-art technology and is designed to meet the highest quality standards. It will also help Lumax Industries to improve its operational efficiency and reduce its costs.
The company is confident that the new facility will be a major asset in its growth strategy. Lumax Industries is targeting a revenue of ₹10,000 crore by 2025, and the new facility is expected to contribute significantly to this goal