Lumax Auto Technologies Chakan Plant Approved With Rs 156.23 Crore Investment

Lumax Auto Technologies Limited has approved plans for the Lumax Auto Technologies Chakan plant in Maharashtra, involving a capital expenditure of approximately Rs 156.23 crore. The facility will be established under the company's Intelligent Ambient Comfort division to support new component supply orders secured from Mahindra & Mahindra. The investment will be financed entirely through internal accruals, while the completed facility is expected to achieve a peak annualized turnover of around Rs 440 crore. The manufacturing project is planned in two phases, with the first phase targeted for completion by the fourth quarter of FY 2027.

The second phase of the Chakan facility is scheduled for completion during the first quarter of FY 2028. The investment announcement came alongside Lumax Auto Technologies' financial results for the first quarter ended June 30, 2026. Consolidated revenue from operations reached Rs 1,363.62 crore, representing a 32.8 percent increase from Rs 1,026.37 crore in the corresponding period of the previous fiscal year. Consolidated net profit also increased to Rs 98.64 crore for the quarter, compared with Rs 54.00 crore in the prior-year period.

Frequently Asked Questions

What is the investment planned for Lumax Auto Technologies' new Chakan manufacturing facility?
Lumax Auto Technologies has approved approximately Rs 156.23 crore in capital expenditure for the new Chakan facility to support component supply orders secured from Mahindra & Mahindra. The plant will operate under the Intelligent Ambient Comfort division and will be funded entirely through internal accruals. Construction and commissioning are planned in two phases, with the first phase expected by the fourth quarter of FY 2027 and the second phase targeted for the first quarter of FY 2028. The facility is projected to generate peak annualized turnover of around Rs 440 crore.