India’s leading auto component manufacturer, Lumax Auto Technologies, has unveiled an ambitious plan to achieve 20% compound annual growth rate (CAGR) every year until 2030. The company is confident in its strong order book, deeper market penetration, and strategic joint ventures to drive this expansion.
🔴 Key Growth Drivers:
- 10% organic growth expected in FY26, fueled by a robust order pipeline.
- Increased wallet share with major OEMs, including Mahindra, Bajaj Auto, and Honda.
- Full-year revenue realization from recent joint ventures, boosting top-line performance.
- Recovery in the aftermarket segment, which had previously faced industry-wide challenges.
📢 Lumax’s Vision for 2030:
- The company aims to triple its revenue, reaching ₹10,000–11,000 crore from the current ₹3,500 crore base.
- Strategic acquisitions planned by FY31, focusing on high-performing businesses rather than distressed assets.
- Margin improvements through organic growth and margin-accretive acquisitions.
⚠️ Industry Outlook:
Despite subdued auto industry sentiments, Lumax remains bullish on its mid-term targets, leveraging global collaborations and technological advancements to stay ahead.
👉 Do you think Lumax can sustain this aggressive growth? Let us know in the comments!
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