Luman Industries inks JV with Hengst SE & Co, to invest Rs 300 crore

Luman Industries has inked an alliance with Hengst SE & Co.KG, a leading manufacturer of automotive filters in Germany.

Autocar Professional BureauBy Autocar Professional Bureau calendar 20 Jan 2015 Views icon18388 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
L-R: A S Sethi, MD, Luman Industries; Dr Robert Stoesser, CEO, Hengst SE & Co. KG, and J S Sethi, director, Luman Industries, announce the new joint venture.

L-R: A S Sethi, MD, Luman Industries; Dr Robert Stoesser, CEO, Hengst SE & Co. KG, and J S Sethi, director, Luman Industries, announce the new joint venture.

Luman Industries has inked an alliance with Hengst SE & Co.KG, a leading manufacturer of automotive filters in Germany. The merger aims to strengthen its business with Indian OEMs in India and Daimler India Commercial Vehicles is its first beneficiary in this regard.

The agreement was signed by A S Sethi, managing director, Luman Industries, and his German counterpart Dr Robert Stoesser, CEO of Hengst SE & Co.KG.

According to Sethi, director, Luman Industries, “To support  the government’s Make-in-India campaign, we will cater to the passenger cars and commercial vehicles market with world-class, eco-friendly filtration technology. The expected investment in this JV over five years will be Rs 300 crore. Hensgt-Luman will allocate two to three production facilities for this venture.”

Dr Robert Stoesser, CEO, Hengst SE & Co.KG, said: “We supply our products to leading automotive customers around the globe.”

Founded in 1978 by Avtar Singh Sethi, the firm's principal investor, Luman Auto is one of largest exporters of automotive headlamps and subsequently began catering to Indian companies. Luman Auto Light, manufacturer of Luman brand filters, currently has four plants including one in the tax-free zone of Uttaranchal. Luman Automotive Systems’ clientele includes Ashok Leyland, Tata Motors, International Tractors, JCB  Vehicle Factory Jabalpur, TAFE, Bharat Earth Movers, Greaves Ltd, Brakes India, SML-Isuzu, Standard Tractors and International Tractors Ltd. It also supplies products for defence vehicles used by India and other military forces around the world.

 

RELATED ARTICLES
JSW MG Motor India confident of selling 1,000 M9 electric MPVs in first year

auther Autocar Professional Bureau calendar11 Jul 2025

The 5.2-metre-long, seven-seater luxury electric MPV, which will be locally assembled at the Halol plant in Gujarat, wil...

Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws

auther Autocar Professional Bureau calendar05 Jul 2025

The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...

VinFast’s second plant in Vietnam goes on stream ahead of India factory

auther Autocar Professional Bureau calendar30 Jun 2025

Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...