Passenger vehicles (PV) account for 65% of the company’s total revenue, followed by 28% from two-wheelers and the remaining from commercial vehicles.
Synopsis
A sizable new business addition is expected from a new production program by M&M where the content per vehicle may reach Rs 20,000-25,000 per vehicle due to a higher proportion of LED lighting.
The stock of Lumax Industries gained over 15% intraday on Wednesday in a weak market following a five-year high revenue growth in FY22 and better demand prospects. The stock is expected to remain on investors’ radar, given improving revenue visibility and capacity addition. Gurugram headquartered Lumax supplies rear and front lamps to leading automakers such as Maruti Suzuki and Tata Motors. With a spate of new car launches from Mahindra and
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