The Lumax Group is delighted to announce the successful inauguration of IAC India’s new Chakan 3 Plant and the extension of its existing Chakan Plant 1. The inauguration ceremony, held on May 28, 2025, marks a significant milestone in the Group’s continued efforts to support the evolving automotive landscape in India.
The inauguration was graced by esteemed dignitaries, including Harish Chavan, Chief Purchase Officer – Auto & Farm Sector, Mahindra & Mahindra, along with Nitin Bhangale, Head of Automotive Mfg Infra Projects, Plant Utilities, Mfg Excellence, ESG & TPM, and Sandeep Naik, Supply Chain Head – Auto Sector, accompanied by their team. Their presence underscores the strong and enduring relationship between IAC India and the Mahindra Group.
From the Lumax Group, Deepak Jain, Chairman, and Anmol Jain, Group Managing Director, welcomed the guests and extended their heartfelt gratitude to the Mahindra & Mahindra team for their consistent support and guidance. Representing the IAC Group from the USA, Sebastian Decosta, Chief Commercial Officer, attended the event, alongside Sunil Koparkar, Managing Director, and Sitangshu Nandy, Senior Director, IAC India.
The newly inaugurated Chakan 3 Plant has been strategically developed to cater to the rapidly growing electric vehicle (EV) segment. This state-of-the-art facility will focus on the production of advanced interior systems and components specifically designed for EV platforms. With an emphasis on innovation and future-readiness, the plant is poised to play a pivotal role in supporting the evolving needs of automotive OEMs as they transition toward sustainable mobility solutions.
In parallel, the extension of Chakan Plant 1 marks a significant upgrade to IAC India’s existing manufacturing infrastructure. The expansion enhances production capacity and operational efficiency, enabling the company to better serve its customers with greater agility and precision. Together, these developments underscore IAC India’s commitment to delivering high-quality, scalable solutions in line with the dynamic demands of the automotive industry.
The combined investment for these two projects is approximately INR 70 crore, demonstrating IAC India’s strong commitment to expanding its footprint in India and delivering innovative, high-quality automotive solutions. “This inauguration reflects our dedication to innovation, sustainability, and our strong partnerships within the industry,” said Deepak Jain, Chairman of the Lumax Group. “The support from the Mahindra Group has been invaluable in this journey, and we look forward to achieving greater milestones together.”
This achievement is a testament to the collective vision, determination, and collaborative effort of the entire IAC India team. These new facilities will enable IAC India to drive future-ready innovation and set new benchmarks in automotive interior manufacturing.
Lumax Auto Technologies Ltd, through its wholly owned subsidiaries and joint ventures, manufactures a wide range of automotive components. These include advanced plastic systems such as vehicle interiors, air intake systems, plastic and urea fuel tanks; lighting solutions for two- and three-wheelers; structures and control systems; gear shifters; and components for green and alternate fuel applications. Its Mechatronics segment produces power window switches, telematics control units, antennas, vehicle communication systems, and oxygen sensors.
The company is a market leader in the design, testing, and manufacturing of gear shift levers in India. With 28 manufacturing plants strategically located across all major automotive hubs in the country, Lumax Auto Technologies serves an esteemed clientele that includes Bajaj Auto, Honda Motorcycles and Scooters, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, and Toyota.
