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HDFC Securities Retail Research
Lumax Industries Ltd. has been consistently evolving in its product innovation with its in-house design and development capabilities.
Company enjoys about 50% market share in domestic automobile lighting business. It has gained access to new platforms of clients, thus enabling it to retain its market share.
Lumax Industries has a very strong partnership for almost 39 years with Stanley Electric Company Ltd. Both Stanley, Japan and Jain family hold 37.5% stake each in the company.
Stanley Electric supports Lumax completely on the technology transfer as well as the global relationships which they enjoy with customers. Stanley is in the top two lighting players in Japan and in the top five in the world.
The company is fairly insulated from any electric vehicle disruption as it has no exposure to engine and related parts in its product portfolio.
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