Lumax Auto Tech inaugurates its R&D center in Pune

Lumax Cornaglia Auto Technologies on Tuesday inaugurated its R&D center in Pune to design various products, including air intake systems and automotive tanks, to cater to BS VI compliant vehicles.

The company is a 50:50 joint venture between Lumax Auto Technologies and Italy's Cornaglia Group.

The R&D center will host experienced designers from Cornaglia as well as indigenous designers servicing the Indian domestic market, Lumax Auto said in a statement.

The targeted product line for the R&D center is air intake systems, urea tanks, CAC ducts and other blow molded parts, it added.

"Setting up of the R&D center is another step in the right direction. At the onset of BS VI norms, we anticipate the surge for the products such as air intake systems, fuel tanks, etc," Lumax Auto Managing Director Anmol Jain said.

The company along with its partners is dedicated to capturing the market opportunity and servicing the OEMs' needs by staying ahead of the curve, he added.

"The focus of the R&D team would be to provide localized solutions for our customers, which will lead to fast and smooth transition towards technologically upgraded products," Jain said.

Shares of Lumax Auto closed 1.82 percent down at Rs 204.60 per scrip on BSE.

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