Lumax Auto Technologies has greenlit the acquisition of the remaining 15.97% stake in Lumax FAE Technologies (LFAE) for ₹1.92 Cr.

This strategic move makes LFAE, a key supplier of oxygen sensors to Indian automotive OEMs, a wholly-owned subsidiary.

The goal is to gain full control over this critical automotive components supplier, strengthening Lumax's product portfolio and market position.

LFAE's operations and existing technical support from FAE, Spain, will continue unchanged, ensuring seamless integration and continued market strength.