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Lumax to spend around USD34 million in FY 2021 for two plants in India

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Investments

Plans to expand Sanand plant’s capacity to 500,000 units

Lumax Group will invest most of its INR2.50 billion (USD34 million) capital expenditure in fiscal 2021 to set up an electronics plant in Haryana and increase capacity at the Sanand plant in Gujarat, India, The Economic Times reported on 13 May, citing PTI.

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