Brief: Lumax Autotechnologies Signs JV Deal With Yokowo

Yokowo

07/02/2020 14:32

Feb 7 (Reuters) - Lumax Auto Technologies Ltd  LUAT.NS :
    * SIGNED A JOINT VENTURE AGREEMENT WITH YOKOWO CO., LTD,
JAPAN
    * JV DEAL TO MANUFACTURE AND SUPPLY ANTENNAS AND OTHER
VEHICLE
COMMUNICATION PRODUCTS TO INDIAN AUTOMOTIVE INDUSTRY
    * UNDER JV, BOTH PARTNERS WILL HAVE A 50:50 SHARE IN NEW
ENTITY TO
BE NAMED LUMAX YOKOWO TECHNOLOGIES
    * MANUFACTURING OF VEHICLE COMMUNICATION DEVICES WILL
COMMENCE
FROM NOVEMBER 2021

Source text for Eikon:  ID:nBSE443HJn 
Further company coverage:  LUAT.NS 

 ((Reuters.Briefs@thomsonreuters.com;))