Latest news with #Lumax
Time of India
09-08-2025
- Automotive
- Time of India
Lumax Auto extends CEO Vikas Marwah's term by five years
New Delhi: Tier-1 automotive component player Lumax Auto Technologies has approved the extension of Chief Executive Officer (CEO) Vikas Marwah 's term for five years, effective November 1, 2025. Marwah joined the Lumax DK Jain Group as Chief Strategy Officer in 2018 and assumed the CEO role on May 2, 2020. Since then, he has played a key role in driving business expansion into new geographies, diversifying the product portfolio, opening new revenue streams, and strengthening OEM relationships. As per the company's policy, he will reach the age of superannuation on October 31, 2025. However, in view of his leadership skills and contribution to the company's growth, the board has approved his reappointment. Prior to Lumax, Marwah was associated with Varroc as Chief Sales & Marketing Officer and Senior Vice President. With a career spanning over three decades, he has worked with several renowned companies, including Sona Koyo Steering Systems, Hertz, JK Tyre, and Goodyear Tyre, among others. Also Read:Lumax Group CEO Vineet Sahni resigns '...Extension of the term of Vikas Marwah as the Chief Executive Officer (Key Managerial Personnel designated as Senior Management) of the Company for a period of five years with effect from November 1, 2025, consequent to attaining the age of superannuation on October 31, 2025, based on the recommendation of the Nomination & Remuneration Committee,' said a company statement. The Lumax Auto Technologies board has also approved setting up a branch office in China to explore new business prospects and strengthen technological capabilities, along with establishing a Technology Centre, SHIFT (Smart Hub for Innovation and Future Trends), in Bengaluru. The Gurugram-based DK Jain Group has two publicly traded companies– Lumax Industries, which manufactures auto lighting solutions, and Lumax Auto Technologies, which is engaged in telematics, gear shifters, antennas, plastic modules, and other components.
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Business Standard
04-06-2025
- Automotive
- Business Standard
Smallcap auto ancillary stock surges 49% in 1 week; up 119% from April low
Lumax Auto Technologies hit a new high of ₹992.20, rallied 49% in the past one week, after the company reported better than expected earnings for the quarter ended March 2025. Mumbai Listen to This Article Share price of Lumax Auto Technologies today Shares of Lumax Auto Technologies hit a new high of ₹992.20, as they surged 5.5 per cent on the BSE in Wednesday's intra-day trade. The stock price of this smallcap auto ancillary company was quoting higher for the fifth straight trading day after the company reported a better than expected earnings for the quarter ended March 2025 (Q4FY25). In the past one week, the stock has rallied 49 per cent, as compared to 0.60 per cent decline in the BSE Sensex. With the past one week's up move, the market price of Lumax
