Comments
Lumax Industries , a leading supplier of lighting products for the automobile industry, has opened a design centre in Taiwan to strengthen its in-house design capabilities, it informed the stock exchanges. The opening of the centre is a strategic step towards the-company’s initiatives made to gain self-reliance and making designing-cost competitive, Lumax Industries said in the notice. “Besides facilitating communication between Taiwanese companies and the Indian headquarters, the well-calculated move will serve as Lumax’s springboard for doing business in Japan, South Korea and mainland China in future,” the company said. The company’s annual purchases stood at roughly NT dollar 350 million from Taiwan’s tooling, machinery and equipment suppliers. Shares of Lumax Industries edged down 1.08 per cent at ₹496.20 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.