Luman Industries Ties Up With German Firm Hengst SE
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“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.
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
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