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Akshay Kashyap

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Lumax Auto acquires majority stake in Greenfuel Energy for 153 crore rupees

Lumax Auto Technologies has acquired a 60% stake in Greenfuel Energy Solutions for Rs 153 crore, marking its entry into the green and alternate fuels market. The acquisition, executed through Lumax Resources, was financed through debt and internal accruals. Greenfuel specializes in high-pressure fuel delivery systems for CNG and hydrogen vehicles, serving major OEMs like Maruti Suzuki and Tata Motors, and will continue to operate under MD and CEO Akshay Kashyap.
Moneycontrol
Indian Rupee Volvo Eicher Commercial Vehicles Maruti Suzuki India Limited Lumax Auto Technologies Limited Tata Motors Limited IND Akshay Kashyap Show more
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04:16 27.11.2024
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