Lumax Auto, Italian firm form JV for emission systems


MUMBAI, Sept 27 (Reuters) - Auto parts maker Lumax Auto Technologies Ltd has formed an equally owned joint venture with Turin-based Cornaglia group to make emission systems, the Economic Times reported on Thursday. The JV will have an initial investment of 500 million rupees and already has orders for a similar amount from Tata Motors , Fiat and Bajaj Auto , the paper said. Cornaglia group is a key supplier to Fiat, the paper said. Lumax Auto officials could not be immediately reached ...

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