Credibility
Robust R&D that Renders Credibility
Great ideas don’t lead to success. Great dreams don’t lead to it either. It is the confidence and belief in one’s capabilities that turn dreams and aspirations into reality.
Lumax Industries perceives R&D as an excellent tool for recognizing, developing, and seeing the future. LIL believes that, R&D and innovation help focus on possibilities while overcoming constraints.
Over the decades, Lumax Industries has become renowned as a prominent, agile, and inventive provider of automotive lighting solutions rooted in India. The Company is also known for its exceptional R&D skills and strong innovation capabilities. Together, these have helped Lumax Industries produce aesthetic design and premium quality products.
The primary enablers of the transition from conventional to LED lighting are current advancements and changing client preferences. The Company’s R&D team enables it to respond to the market’s ever-changing trends promptly. The team empowers LIL to reorganize its processes for developing customized products across segments with shorter turnaround time using cutting-edge technology. As a result, the Company has added flexibility to its services by offering a diverse range of lighting solutions.
Today, Lumax Industries is at the forefront of industry advancements. The Company is supported by a strong brand equity and a track record. Lumax Industries continues to invest in innovation, technology, product development, infrastructure, processes, and its most valuable asset, developing human talent. This strategy is sure to produce consistent results as the Company continues to outperform the industry.
Emerging EV Market
India is intending to have 30% penetration of electric vehicles by 2030 for passenger vehicles, 70% for Commercial vehicles and 80% for two and three wheelers. The Government is trying to improve infrastructure for EV manufacturing within the country with its initiative ‘Faster Adoption and Manufacturing of Hybrid and Electric (FAME) Vehicle Scheme.’ It has also planned for 22,000 EV charging stations to be set up by Oil Marketing Companies across the country.
Electronics Localisation
Lumax Industries manufactures lighting components that are EV-agnostic. In terms of technology, EV is a quick-mover, and the Company is witnessing a change and shift from conventional to LEDs. Lumax Industries has established relationship with the best companies to provide the best electronics components for the Automobile industry in India. There is also scope for localization in the Electronics industry, and the Company is adding value for customers through Lumax Industries’ electronics facility.
Lumax Industries has set up a state-of-the-art electronics plant in Bawal, Haryana, where the Company will manufacture cutting-edge electronic components and technology software – focusing on developing EV components through the same plant.
Engineers
As on March 31, 2022