Acquisition History / Lumax Auto Technologies Ltd / IAC International Automotive India Pvt Ltd (remaining 25%)
Lumax Auto Technologies Ltd Acquires IAC International Automotive India Pvt Ltd (remaining 25%)
Announced May 18, 2025 — $25.0M
What happened
Lumax Auto Technologies agreed to buy the remaining 25% of IAC International Automotive India from the IAC Group for Rs 221 crore, taking the supplier to wholly owned status. Lumax had acquired 75% in March 2023. IAC India supplies plastic interior systems to Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher.
- Acquirer
- Lumax Auto Technologies Ltd
- Target
- IAC International Automotive India Pvt Ltd (remaining 25%)
- Announced
- May 18, 2025
- Price
- $25.0M
- Industry
- Automotive interior plastic components
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Lumax Auto Technologies Ltd acquire IAC International Automotive India Pvt Ltd (remaining 25%)?
Lumax Auto Technologies Ltd acquired IAC International Automotive India Pvt Ltd (remaining 25%) on May 18, 2025. This was Lumax Auto Technologies Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Lumax Auto Technologies Ltd pay for IAC International Automotive India Pvt Ltd (remaining 25%)?
Lumax Auto Technologies Ltd paid $25.0M for IAC International Automotive India Pvt Ltd (remaining 25%).
What does IAC International Automotive India Pvt Ltd (remaining 25%) do?
Lumax Auto Technologies agreed to buy the remaining 25% of IAC International Automotive India from the IAC Group for Rs 221 crore, taking the supplier to wholly owned status. Lumax had acquired 75% in March 2023. IAC India supplies plastic interior systems to Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher.
What other Automotive interior plastic components companies has Lumax Auto Technologies Ltd acquired?
IAC International Automotive India Pvt Ltd (remaining 25%) is Lumax Auto Technologies Ltd's only publicly tracked acquisition in Automotive interior plastic components so far.