Lumax Auto: On A Growth Track

Five years ago, as the world grappled with the shockwaves of the COVID-19 pandemic, automotive supply chains struggled to cope with the mega disruption caused to their logistical arrangements. Meanwhile in Gurugram, the leadership team at Lumax Auto Technologies was thrashing out the answer to a very different question: How can it achieve scale in an increasingly competitive market over the coming decade?

At the time, Lumax Auto Technologies, a supplier of auto components such as lighting systems, two-wheeler chassis, and transmission products, had revenue of around Rs 1,100 crore, with nearly half of it—Rs 500 crore—originating in its ...