Press Release

Mumbai, December 12, 2022

Lumax Industries Limited, the flagship company of Lumax-DK Jain Group, a leading player in the Indian automotive Industry, has signed up for a spacious Grade A, Built-To-Suit (BTS) unit at Horizon Industrial Park, Chakan II in Pune, Maharashtra. The plant, spread across 2.6 lakh square feet, will serve as a manufacturing facility for a range of automobile lighting systems and solutions for a variety of applications.

Lumax- DK Jain Group is a pioneer in Indian automotive sector with a 10000-strong workforce, working across 32 modern manufacturing locations across India. The Lumax-DK Jain Group has a turnover of over INR 3470 Crore, and empowers the assembly lines of almost all top automotive OEM brands.

Speaking on the launch of the Chakan facility, Mr. Dhanesh Kumar Jain, Chairman, Lumax-DK Jain Group, said, “Lumax has undergone a remarkable evolution in the last seven decades to become a reputed organisation in the Indian auto components industry. Traditionally, Lumax operated out of standalone facilities, but the facilities witnessed at the Horizon Industrial Park prompted us to move within. They bring global technical know-how and provide a one-stop-solution for our industrial real estate needs.”

Rahul Pandit, CEO – Horizon Industrial Parks said, “For seven decades the company hasalways operated from their own facility, and it is an honour and privilege for Horizon to house the first ever leased facility for Lumax. One of the biggest drivers for this is our industrial park’s ecosystem, which provides benefits of world-class amenities and utilities. We are happy that Lumax appreciates the BTS facility, which will be delivered by in 2023.”

About Lumax Industries Limited:

Lumax Industries Limited, a flagship company of Lumax-DK Jain Group, is India’s pioneer and most experienced player in the Automotive Lighting Industry. The company has almost 4 decades of strong partnership with Stanley Electric Co. Limited, Japan, a world leader in Vehicle Lighting and illumination products. Lumax has eleven ultra-modern manufacturing plants in India, strategically located near manufacturing locations of major OEMs. Lumax is one of the major suppliers to OEMs including Hero MotoCorp, HMSI, Honda Cars, Mahindra & Mahindra , Maruti Suzuki, MG Motors, Tata Motors, TVS and others.

About Horizon Industrial Parks:

Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds. The current portfolio comprises 19 industrial and logistics parks spread across more than 1,050 acres and with a development potential of 26 million square feet, which are located in eight key markets in India.