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India

Lumax Auto Technologies, India consolidates subsidiaries, acquires full control of LFAE and Invests in Yokowo JV

Jun 01, 2026

On May 29, Lumax Auto Technologies announced the acquisition of the remaining 15.97% stake in Lumax FAE Technologies Private Limited (LFAE) from Francisco Albero S.A.U. (FAE), Spain, for a consideration of INR 19.2 million, taking LFAE to a wholly owned subsidiary. LFAE manufactures oxygen sensors for automotive OEMs....

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