Lumax Auto Technologies' Board approved equity investment of up to ₹7 crore in JV Lumax Alps Alpine India Private Limited on March 27, 2026.
LAAIPL, a 50%-held JV incorporated in 2021, manufactures automotive power window switches, sensors, and control modules with FY25 turnover of ₹4,917.60 lakhs.
The investment is a related-party transaction done at arm's length to support LAAIPL's capex, working capital, and general corporate purposes.
Transaction is cash-based with no regulatory approvals required and expected to be completed within approximately 3 months.