Lumax Auto Technologies Ltd and JOPP, Germany have formed a 50:50 joint venture to manufacture and supply transmission products to the Indian automotive industry. The newly-formed entity - Lumax JOPP Allied Technologies - will make an investment of Rs 75 crores over a period of 5 years, with a focus on becoming self-reliant in technology & establish a state-of-the-art R&D centre in India along with manufacturing operations. The JV will engage in design, development and production of gear shift towers, automated manual transmission (AMT) kits, all gear sensor (AGS) and forks to start with. The commercial production is expected to begin in Q4 of FY 20 from its existing Lumax facility in Manesar, Haryana.
Lumax will get the full access to JOPP product knowhow in manual, automated and dual-clutch transmissions. Lumax can now offer complete transmission shifting solutions to its customers in the Indian market, including light-weight and smart shifting solutions for Indian mid-segment vehicles, the company noted. JOPP is a European company with expertise in transmission & shift systems parts serving OEMs worldwide. Gear Shift Systems are a major focus area with high in-house value add for shift towers, integrated all gear sensor technology & AMT kits for various applications for manual & automated transmissions.
Deepak Jain, Promoter Director, Lumax Auto, said Lumax continues to forge partnerships with global leaders and in JOPP, it has found a reliable partner, sharing same values, ethos and a strong legacy.
Martin Büchs, Managing Director, JOPP, said the company conducted an extensive search to find a strong, dynamic, technologically strong partner with a pan-India footprint and customer connect and Lumax was the perfect fit.
Anmol Jain, Managing Director, Lumax Auto Technologies Limited, said since it is a market leader in shift levers in India, it was a natural progression for Lumax to become a shift system supplier.