India, May 19 -- The consolidation will strengthen Lumax's strategic vision and enable future growth, building on the strong foundation to drive continuity, performance, and scalability

Lumax Auto Technologies Limited (LATL), a leading Tier-1 automotive systems and components supplier, has signed an agreement to acquire the remaining 25% stake in IAC International Automotive India Private Limited ("IAC India") from the International Automotive Components Group ("IAC Group"). IAC Group will continue to support IAC India through a technology support agreement.

IAC India is a well-established Tier-1 plastic interior systems and components supplier to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eiche...