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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.
Lumax Auto Technologies has signed a Joint Venture Agreement with Jopp Holding JmbH, Germany, to form Lumax JOPP Allied Technologies for manufacturing automotive components like shift towers and shift forks.