The business environment has always been dynamic and uncertain, but the Covid-19 pandemic enhanced the challenges. The Company countered these challenges instead of stalling. Lumax Auto Technologies Limited (LATL) took the lead, with least dependency on external factors, in formulating the Company’s way towards a better tomorrow.
Being among the Indian market leaders as a manufacturer of automobile components, LATL has always been driven by passion and excellence. LATL takes pride in how seamlessly the Company’s journey and market leadership infused in it the needed confidence to stay optimistic. With this mindset as the backdrop, LATL aims to identify and analyse the ‘Prism of Possibilities’ ahead, for translating potential opportunities into growth through skills and synergy. The Company’s plan of action has always emphasised the power of collaborations. This is underpinned by LATL’s decades of experience and market understanding to pursue and explore various permutations and combinations of progress.
As LATL continues catering to the Automotive industry, the Company is also endeavouring to unearth prospects while strategising to venture newer products. Despite the industrial volatility, the Company continued to expand its product portfolio. Over the years, through joint ventures and partnerships, LATL consistently added to the Company’s basket of products while retaining a competitive edge in the market.
Backed by strong stakeholder relationships, robust R&D and efficient strategies, the Company is well-positioned to capitalise on the ‘Prism of Possibitlies’ for pursuing further growth and expansion.
Within a journey of seven decades, the Group established a strong legacy and prioritised meaningful relationships with customers through continual innovations, advanced technology, and state-of-the-art operating units. The Group gained eminence and market leadership in the automotive component space in India, through two listed entities: Lumax Industries Limited (LIL) and Lumax Auto Technologies Limited (LATL).
Today, the Lumax-DK Jain Group enjoys almost four decade association with Japan based Stanley Electric Co. Limited. Moreover, the Group has successfully entered total of nine Joint Ventures with globally renowned companies from Germany, Italy, Israel, Japan, Korea and Spain.
The Group focuses on long-term growth and sustainability for all of its stakeholders. Through its ‘Customer-First’ approach, the Group aspires to offer value bound with trust while consistently moving ahead with its pursuit for development.
Delivering pride and progress with positivity.
Building an admired high-performance global organization in whom all stakeholders have absolute trust.
Lumax Auto Technologies Limited (‘LATL’ or ‘The Company’ ) is among the few integrated players in the Indian auto component manufacturing space with expertise in Integrated Plastic Modules, 2-Wheeler (2W) Chassis & Swing Arm, 3-Wheeler (3W) Trailing Arm, 2/3-Wheeler Lighting, Gear Shifter and Shift Towers, Emission systems, seat frames, Telematics, oxygen sensors, on-board antennas and electric devices and components.
LATL’s focus has always been on investing in products and services by consistently expanding the product portfolio. The Automotive industry is undergoing a massive transformation as the popularity and demand for Electric Vehicles (EVs) gradually gaining traction. The Company is now emphasising the technology-driven electronics, plastics, mechatronics and after market business. Thereby, adapting and transforming to future proof the Company’s business.
As a company, LATL has been enjoying the right mix of a strong product portfolio and manufacturing prowess. To serve customers, the Company has consciously invested in multiple products and services by collaborating with the leading global auto component manufacturers. This has helped us in building a wide product portfolio while also enhancing and providing access to world-class technology. LATL manufactures a diversified range of products which include Integrated Plastic Modules, 2-Wheeler (2W) Chassis & Swing Arm, 3-Wheeler (3W) Trailing Arm, 2/3-Wheeler Lighting, Gear Shifter, Shift Towers, Emission Systems, Seat Frames, Telematics, Oxygen Sensors, On-board Antennas, Electric devices and components.
To enhance the Company’s product portfolio and bring advanced products to serve Indian OEMs, LATL has partnered with Global Automotive industry leaders such as Cornaglia, Mannoh, Ituran, FAE, Jopp, Yokowo and Alps Alpine.
EBITDA: Earnings before Interest, Tax, Depreciation and Amortization PAT: Profit after Tax | EPS: Earnings per Share | ROCE: Return on Capital Employed (includes long term borrowings only)
Established the first Robotic Motorcycle Chassis plant in Waluj, Maharashtra
Initiated a plant at Narsapur, Karnataka, to manufacture Moulded parts
Entered JV with Mannoh Industrial Company, Japan, and started Lumax Mannoh Allied Technologies Limited
Established another Robotic Motorcycle Chassis plant in Waluj, Maharashtra
Formed a Joint Venture with Ituran Location and Control Limited, Israel, to provide Telematics Products and Services
Formed a Joint Venture with FAE, Spain, to manufacture Oxygen Sensors
Established an Assembly facility in Mehsana, Gujarat, under LMAT
Setup R&D center under Lumax Cornaglia Technologies Private Limited in Pune
Inaugurated Chassis facility at Aurangabad
Entered Joint Venture with Jopp, Germany, to manufacture and supply Transmission products
Entered a Joint Venture with Yokowo, Japan, to manufacture and supply Antennas and other vehicle communication products
Started Commercial Production in Pantnagar, Uttarakhand, under Lumax Cornaglia Auto Technologies Private Limited
Started Commercial Production at Lumax FAE Technologies Private Limited
Lumax Alps Alpine India Private Limited, a Joint Venture with Alps Alpine Japan started commercial production to manufacture and sell electric devices and components, including software related to the Automotive industry
Dear Shareholders,
At LATL, we have always believed that a good way to assess an organization’s strength is to see how it performs in an unprecedented, difficult situation. The Company achieved a landmark highest ever revenue and profits despite the challenging environment. Business activities started getting back to normalcy post the second wave. However, the global semi-conductor supply constraint continued to be a challenge, resulting in supply chain disruption, impacting production across the industry amongst all OEMs.
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Sustainability has always been at the core of LATL’s business, and culture. LATL’s solutions address the Company’s customer needs while delivering innovative products that help the industry and the world become safer, greener, more connected, and more sustainable.
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LATL’s people are integral to the Company’s progress in building a more sustainable business. The Company has continued to help and support its people and vigorously promote healthy, safe workplaces and employee wellbeing.
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Sustainability has always been at the core of LATL’s business, and culture. LATL’s solutions address the Company’s customer needs while delivering innovative products that help the industry and the world become safer, greener, more connected, and more sustainable.
READ MORE
Sustainability has always been at the core of LATL’s business, and culture. LATL’s solutions address the Company’s customer needs while delivering innovative products that help the industry and the world become safer, greener, more connected, and more sustainable.
READ MORE
