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Lumax Auto Technologies plans to set up a greenfield project in Bangalore for the supply of plastic moulded parts to Honda Motorcycle and Scooters India (HMSI).
The company plans to spend Rs 80 crore for setting up the new plant. Majority of the funds are through internal accruals.
Lumax is to supply plastic moulded parts for various models of HMSI to be manufactured at its third facility in Bangalore which includes Activa Scooters (110cc) and Dream Yuga motorcycle (110 cc).
The plant is expected to be operational by the first quarter of fiscal 2013-14.
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