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Lumax to invest Rs 250 crore; aims to double revenue in five years

Industry Transport equipment

Lumax Auto Technologies, a Lumax group company, is planning to expand its automotive components unit, which manufactures motorcycle and scooter chassis to petrol tanks, gear-shift lever and PCBs in India.  Estimated cost of the project is around Rs.250 crore funded through internal accruals. It expects the revenue to double to reach Rs 5,000 crore from Rs 2500 crore over the next five years.

Extracted from ET, Sep 17,’15

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