Lumax Auto: On A Growth Track
Autocar Professional explains how Lumax Auto Technologies achieved its target of tripling its revenue in five years, and is well on its way to cross the $1 billion milestone by 2030.
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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 ...
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