Lumax Resource completes acquisition of 60% stake in Greenfuel Energy's Alternate Fuel Business
11/27/24, 4:42 AM
Location
Industry
manufacturing
automotive
energy
manufacturing
Lumax Resource, a subsidiary of Lumax Auto Technologies Limited, has successfully acquired a 60% stake in Greenfuel Energy Solutions' alternate fuel business, with a strategic focus on capitalizing on the growth expected in the CNG, hydrogen, and other alternate fuel applications. The acquisition represents a significant move for Lumax Resource, positioning it to expand its presence in the green and alternate fuels segment.
Company Info
Location
Gurgaon, Haryana, India
Company info
Lumax Auto Technologies Limited, part of Lumax Group, established its first plant in Maharashtra in 1981, initially manufacturing Lighting products for two-wheelers. Since then, the company has expanded organically, now producing a diversified range of products for two, three, and four-wheeler segments in collaboration with its subsidiaries and associates. As one of the few integrated auto component manufacturers in India, Lumax is renowned for its robust R&D capabilities, technological prowess, design skills, and manufacturing abilities.
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