Lumax Auto Technologies, part of the DK Jain Group, is a leading home-grown automobile lighting solutions provider for four wheelers, two wheelers and commercial vehicles in India and many global markets. Mr. Anmol Jain, Managing Director, Lumax Auto Technologies, outlines the company’s theme for Auto Expo 2020 and the diverse range of products and solutions it would be showcasing, not limited just to the lighting space.
Focus at Auto Expo 2020
We look forward to unveiling our products and services to existing and prospective customers, holding meaningful business dialogues and building new partnerships at the show. The Auto Expo is a good opportunity for creating brand recall and build a corporate brand.
Products and technologies to be showcased
Showcasing our technology-driven products under the theme ‘Driving the future’ we will be displaying our market-dominating products in automotive lighting and driveline products as full system suppliers. We will also be displaying new products in collaboration with our existing and new global partners to be unveiled in the space of power electronics, telematics, electric mobility, emission sensors, lightweight plastics and advanced mechatronics.
Expectations from the show
Lumax believes that Auto Expo is the best platform in India to present products in the component segment. Being a focused B2B show, we are confident that the OEMs will actively participate and we could connect with existing and prospective customers, understand their requirements to offer best-in-class innovative and future technologies.
BS-VI Impact
The Indian auto industry is on the threshold of a revolution. Companies are gearing up like never before to embrace this technological transformation. Every company is striving to offer products and services compatible with the BS-VI guidelines. New concepts like connected vehicles and EVs will gain immense momentum. We at Lumax are well geared for the future.
The auto industry in India is going through a prolonged downturn where all segments of mobility have witnessed a downturn for the first time. The business has seen a dip but we see an improvement, and this quarter has been better. The worst-hit has been the CV segment, while the passenger vehicles are showing signs of recovery and two-wheelers are better.
We are confident that the recovery will start post H2 in 2020. H1 will be impacted due to the upcoming BS-VI transition post April 2020.
We at Lumax look at this slowdown as an opportunity to become more efficient in our operations, focus on R&D and technology self-reliance by leveraging our global partnerships and invest in people development.