The company sees as an excellent geographic location with comprehensive supply chain, industrial clusters, strong manufacturing technology and a hardworking quality workforce with innovative R&D & management capabilities.
23 May 2016 | 5447 Views | By Autocar Professional Bureau
Automotive lighting major Lumax Industries has officially made a strategic business move in Taiwan by inaugurating its state-of-the-art design centre in the East Asian country.
It can be recollected that last month, Autocar Professional first broke the news of Lumax going internationalby setting up a product design and ...
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Automotive lighting major Lumax Industries has officially made a strategic business move in Taiwan by inaugurating its state-of-the-art design centre in the East Asian country.
It can be recollected that last month, Autocar Professional first broke the news of Lumax going international by setting up a product design and development centre at Taiwan.
The opening of the design centre is a testimony to the close ties between Lumax and its business partnerships with Taiwan that span 36 years. Besides facilitating communication between Taiwanese companies and the Indian headquarters, the move will serve as Lumax’s springboard for doing business in Japan, South Korea and mainland China in future.
The company sees as an excellent geographic location with comprehensive supply chain, industrial clusters, strong manufacturing technology and a hardworking quality workforce with innovative R&D & management capabilities. The company annually purchases roughly NT$350 million from Taiwan’s tooling, machinery and equipment suppliers.
Inaugurating the design centre, DK Jain, chairman of Lumax Group said, “The design centre in Taiwan will synergise the company’s efforts to deploy best practices in its manufacturing engineering to produce highly integrated innovative products in addition to capitalising on the strategic advantage of Taiwan as an established and high quality, yet cost effective, destination for tooling.”
The design centre will be an interface with key markets of automotive lighting tool makers including China and Korea and Program Management Team of Lumax.
In line with the company’s ongoing business strategy, it has already established a design studio and a new technology group at its Chakan Plant in Pune, Maharastra, which has become operational successfully.