Luman Industries Ties Up With German Firm Hengst SE

Luman Industries, an auto components manufacturer, has entered into a 50:50 joint venture with German company Hengst SE & Co to make filtration modules for passenger and commercial vehicles. The JV, which will be known as Hengst Luman India, will manufacture the filtration modules at its plant in Delhi.

“To support the government’s Make-in-India campaign, we will cater to the passenger cars and commercial vehicles market with world-class, eco-friendly filtration technology. The expected investment in this JV over five years will be Rs 300 crore. Hensgt-Luman will allocate two to three production facilities for this venture," Luman Industries Director JS Sethi said.

Daimler India will be the JV's first client in the country.

Speaking about the deal, Hengst SE & Co Chief Executive Officer Robert Stoesser said the JV would be a win-win situation for both the partners. "Luman understands this market and we have deep technological knowledge so we would be right partners for filtration requirements," he said.

Luman Auto was set up by Avtar Singh Sethi, who is the company's principal investor, in 1978. It is one of the largest exporters of automotive headlamps in the country.
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