starting with the production of printed circuit boardpcb a core component of automotive lighting system the joint venture will extend its product line to heating ventilation air conditioning panel hvac in the near future new delhi lumax dk jain group company lumax industries limited announced the extension of its existing joint venture business with stanley electric co ltd to include electronics parts componentsthe joint venture will provide a complete range of stanley electric products current and future to the indian automotive industry lumax said in a statement starting with the production of printed circuit boardpcb a core component of automotive lighting system the joint venture will extend its product line to heating ventilation air conditioning panel hvac in the near future advt the product will be localised and manufactured at the newly set up electronic facility of the company at bawal haryana and the company is already in discussion with japanese oems the statement added commenting on the partnership deepak jain chairman managing director lumax industries limited said the joint venture will capitalize on the strength of lumax dk jain group as a leading provider of automotive components in india having a good understanding of the indian customers requirements leveraging our historic relationship with stanley electric in the automotive lighting business we are expanding the relationship to include electronics components and parts which is the future of automotive in addition the focus of the joint venture will be to expand lumax portfolio and product offerings to include the vast range of advanced electronics components available with stanley electric japan jain added toru tanabe managing director stanley electric japan commented we have had over three decades of relationship with lumax industries and value this association it is a natural progression for us to expand our portfolio to add electronics parts for the indian market which is preparing and keeping pace with global vehicle models with high electronic components per vehicleit is an opportune time for both lumax industries and stanley electric to introduce these products in india where we bring design development and technology expertise and lumax industries brings with robust operations experience in the indian market he further added etauto published on feb 12 2020 at 0700 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app lumax auto stanley electric electronic components dk jain group deepak jain homenewsauto componentslumax industries extends joint venture with stanley electric