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Lumax to invest Rs 200cr for 2 plants, R&D centre
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PM NEWS BUREAU
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Saturday, August 28, 2010, 15:57 Hrs [IST]
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Automotive lighting systems company Lumax Industries plans to invest Rs 200
crore in the next three years to set up two plants and one R&D centre in the
country. The company will set up a plant for Nano at Sanand in Gujarat which
is expected to be operational by the third quarter this fiscal. The second
plant will be for ''Etios'' at Bangalore, which is expected to come up by
next fiscal.
Apart from the two plants, the company will also set up a Research &
Development (R&D) centre in the National Capital Region. The projects will
be funded through internal accruals.
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