| Automotive Lighting Systems | Manufacture of advanced automotive exterior lighting including headlamps, tail lamps, fog lamps, and turn indicators for two and four wheelers. | Long-standing OEM relationships, technology partnerships with Stanley Japan and SL Corporation Korea, extensive design and manufacturing expertise. | B2B focus; major Indian and global automotive OEMs across passenger and commercial vehicle segments. | Advanced LED lighting modules and smart lighting solutions with proprietary technology. | 2824 | 83 | Sales of lighting products directly to OEMs under long-term contracts. | Contract manufacturing with negotiated pricing; includes fixed and variable components based on volumes and technology. | Industry shift to LED and smart lighting, increased vehicle electrification, and rising content per vehicle. | Lumax LED Headlamps, OLED Rear Lamps, Matrix Headlamps, Ultra Homogeneous Lux-LED Signal Lamps |
| Automotive Electronic Components | Production of electronic automotive components including HVAC panels and other vehicle electronics. | Joint ventures with Stanley Electric for electronics, technical expertise, proximity to auto hubs. | B2B; automotive OEMs expanding electronic content in vehicles. | Customized electronic solutions with integration capabilities. | 576 | 17 | Sales from electronic components to OEMs, supporting vehicle electrification and electronics integration. | Volume-based contract sales with development partnerships. | Growing electronic content in vehicles, rise in electric and connected vehicles demand. | HVAC Panels, Electronic Control Units |
