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Lumax Industries has decided to commence in-house manufacturing of PCBs for lighting components from April 1. The board has also approved the purchase of machines required for manufacturing the PCBs from Lumax Auto Technologies for ₹16 crore. Lumax Auto had earlier said that it is in the process of making an impact assessment following Lumax Industries’ decision to manufacture on its own. Shareholders of both firms will monitor the development closely.
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