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Lumax to invest Rs 200cr for 2 plants, R&D centre
PM NEWS BUREAU
Saturday, August 28, 2010, 15:57 Hrs  [IST]

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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