◂ Announcements

Apr 12, 2019PARTNERSHIPManesar, Haryana, India

Lumax Auto and JOPP GMBH form JV for AMT manufacturing

Lumax Auto Technologies and JOPP GMBH formed a 50/50 joint venture, Lumax JOPP Allied Technologies, to manufacture automated manual transmission (AMT) kits and components in India. Investment of Rs 75 crores over 5 years, with commercial production expected in Q4 FY20.

Value

$11.0M (750.0M INR)

Status

Announced

Productsautomated manual transmission (AMT) kitsgear shift towersall gear sensor (AGS)forks

CompaniesLumax Auto Technologies Jopp Holding partner

Sectors#Automotive Components

“Under the joint venture, both the partners will hold an equal 50% share in the new entity to be named Lumax JOPP Allied Technologies.”auto.economictimes.indiatimes.com

1 source
auto.economictimes.indiatimes.comLumax Auto forms JV with JOPP GMBH to manufacture AMTDeepanshu TaumarApr 12, 2019

Summarized from public sources; check the original articles before acting on it.

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