Lumax Auto Technologies' Material Subsidiary Announces Statutory Auditor Resignation 4 days ago
IAC International Automotive India Private Limited, a material subsidiary of Lumax Auto Technologies, announced the resignation of its statutory auditors, S.R. Batliboi & Co. LLP, effective August 12, 2025. The resignation aims to align the subsidiary's auditors with those of the parent company. S.R. Batliboi & Co. LLP had completed the audit for the year ended March 31, 2025, and the limited review for the quarter ended June 30, 2025, before resigning.
S.R. Batliboi & Co. LLP Resigns as Statutory Auditor of Lumax Auto Technologies' Material Subsidiary 5 days ago
Lumax Auto Revs Up Q1 FY26 with 36% Revenue Surge, Eyes ₹11,000 Crore Target by FY31 10 days ago
Lumax Auto Technologies Reports Strong Q1 Results, Expands Operations to China and Bengaluru 10 days ago
NCLT Greenlights Merger Process for Lumax Auto Technologies and Lumax Ancillary Jul 28, 2025
More news about Lumax Auto Technologies
26Jul 25
Lumax Auto Technologies Incorporates Wholly Owned Subsidiary with Rs 10 Lakh Capital
Lumax Auto Technologies Limited has incorporated a new wholly owned subsidiary, Lumax Auto Solutions Private Limited, on July 26, 2025, in New Delhi. The subsidiary, focused on the automotive components sector, has an authorized, issued, and paid-up capital of ₹10.00 lakh each, divided into 1,00,000 equity shares of ₹10 face value. This strategic move aims to capitalize on growth opportunities in the automotive sector and expand the company's operational capabilities.
24Jul 25
Lumax Auto Technologies Expands with New Wholly Owned Subsidiary
Lumax Auto Technologies Limited has incorporated a new wholly owned subsidiary, LUMAX AUTOCOMP PRIVATE LIMITED, in New Delhi on July 24, 2025. The subsidiary has an authorized capital of Rs 10.00 lakhs, divided into 1,00,000 equity shares of Rs 10.00 each. This strategic move aims to address growth opportunities in the automotive components sector. The company has complied with regulatory requirements by informing stock exchanges as per SEBI regulations.
08Jun 25
Lumax Auto Tech Sets Ambitious 20% Growth Target for FY2026, Eyes ₹800-1,000 Crore from Greenfuel Division
Lumax Auto Tech has announced a 20% growth target for FY2026. The company aims to generate ₹800-1000 crore from its Greenfuel division over the next six years, highlighting its focus on sustainable automotive technologies.
03Jun 25
Lumax Auto Sets Ambitious Targets: 20% EBITDA Margin and 20% CAGR
Lumax Auto Technologies Limited has announced bold growth strategies. The company aims to achieve a 20% EBITDA margin within 7-8 years and targets a 20% Compound Annual Growth Rate (CAGR). For the fiscal year 2026, Lumax Auto anticipates an additional 80-100 basis points expansion in its margin. These targets indicate a focus on both revenue growth and profitability improvement, positioning the company to capitalize on industry trends in the automotive components sector.
29May 25
Lumax Auto Tech Reports Q4 Results: Net Profit Rises to 583.80 Million Rupees, Recommends Dividend
Lumax Auto Technologies announced impressive Q4 financial results. Net profit increased to 583.80 million rupees from 442.10 million rupees year-over-year. Revenue surged to 11.33 billion rupees from 7.57 billion rupees. EBITDA grew to 1.57 billion rupees from 918.70 million rupees, with EBITDA margin expanding to 13.83% from 12.13%. The company recommended a dividend of 5.50 rupees per equity share.
28May 25
Lumax Auto Technologies Expands Manufacturing Footprint with Two New Plants in Pune
Lumax Auto Technologies has inaugurated two new manufacturing plants in Chakan, Pune, Maharashtra, through its subsidiary IAC International Automotive India Private Limited. The strategic expansion in this automotive hub aims to enhance production capabilities and strengthen the company's position in the auto component sector. While specific details about plant capacities and products were not provided, this move is expected to increase production, meet growing demand, create jobs, and bolster Lumax's presence in the automotive supply chain.
19May 25
Lumax Auto Technologies Set to Acquire Full Ownership of IAC India
Lumax Auto Technologies plans to acquire the remaining 25% stake in IAC India, increasing its ownership from 75% to 100%. This strategic move aims to enhance control over operations, consolidate financial performance, and create synergy opportunities. The acquisition aligns with Lumax's strategy to strengthen its position in the automotive components market.
18May 25
Lumax Auto Technologies to Fully Acquire IAC India, Boosting EV Component Supply
Lumax Auto Technologies Limited (LATL) plans to acquire the remaining 25% stake in IAC India, making it a wholly-owned subsidiary. IAC India is the exclusive supplier of cockpits and door panels for Mahindra's BE6 and BE9e electric vehicles. The acquisition, set to complete by May 31, 2025, strengthens LATL's position in the automotive plastics sector, particularly in the EV segment. This move enhances LATL's presence in the growing EV market, secures an exclusive partnership with Mahindra for key EV components, and allows for greater control over the supply chain.
16May 25
Lumax Auto Technologies to Acquire Remaining 25% Stake in IAC India for ₹221 Crore
Lumax Auto Technologies has approved the acquisition of the remaining 25% stake in IAC International Automotive India Pvt. (IAC India) for ₹221 crore. The deal is expected to be completed by May 31, 2025. This move will give Lumax full control over IAC India, potentially improving operational efficiencies and enhancing its market position. IAC India will become a wholly-owned subsidiary of Lumax, but its operations and management will remain unchanged, with continued technology support from IAC Group.
20Feb 25
Lumax Auto Technologies Reports Record Q3 Revenue, Forecasts Strong Growth Ahead
Lumax Auto Technologies achieved its highest-ever quarterly revenue of INR906 crores in Q3 FY2025, marking a 24% year-on-year growth. The company's EBITDA rose 9% to INR127 crores, maintaining a 14% margin. Key product categories showed significant growth, with Mechatronics leading at 75%. The company secured an order book of INR1,350 crores, to be executed over FY2026-2028. Lumax has consolidated operations with Greenfuel Energy Solutions and is focusing on EV technologies. The implementation of OBD2 norms is expected to boost revenues by INR60-70 crores. Management projects a 15-20% CAGR in the coming years.