Lumax Auto CEO charts fuel-agnostic growth plan, targeting ₹6,500 crore revenue through M&A while navigating EV transition with Japanese partners and China tech ties.
17 Dec 2025 | 6109 Views | By Shahkar Abidi
In this conversation with Vikas Marwah, CEO, Lumax Auto Technologies, we discuss the company’s ambitious growth roadmap and how it is positioning itself for an uncertain mobility transition.
Marwah outlines Lumax’s target of ₹6,500 crore in revenue and ₹1,000 crore in EBITDA by 2028, the role of an aggressive ...
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In this conversation with Vikas Marwah, CEO, Lumax Auto Technologies, we discuss the company’s ambitious growth roadmap and how it is positioning itself for an uncertain mobility transition.
Marwah outlines Lumax’s target of ₹6,500 crore in revenue and ₹1,000 crore in EBITDA by 2028, the role of an aggressive M&A strategy in accelerating scale, and why a fuel-agnostic approach is central to de-risking EV investments.
The discussion also touches on how Lumax’s Japanese partner ecosystem is shaping a cautious, engineering-led EV strategy, and why the company has opened a China office to build technical partnerships and access next-generation technologies.
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