By Paul-Henri Matha
I had the chance to meet Deepak Jain at ISOL in November 2025, at the ICAT office in Delhi, to talk about Indian market and the challenges for vehicle lighting players. After a few exchanges, we had time to prepare this deep dive interview to understand better the Indian lighting market and prepare our DVN Delhi event on October 28th
DVN: First, can you introduce you and your company?
Deepak Jain: My name is Deepak Jain, and I serve as the Chairman of Lumax Group. Lumax has been part of India’s automotive story for over eight decades now and over these years, we have grown into one of the country’s leading automotive component manufacturer and supplier. The Group operates primarily through two listed entities – Lumax Industries, which focuses on automotive lighting, and Lumax Auto Technologies, which has a wider portfolio spanning advanced plastics, green and alternate fuel systems, mechatronics, transmission, structures and control systems and the aftermarket. Together, we reported a brand revenue of USD $1.2bn last fiscal year.
The breadth of what we offer is what makes us unique. Currently, we supply to virtually every major OEM operating in India, across four-wheelers, two & three-wheelers, commercial vehicles, and tractors. We have six Engineering and Design Centres, including two in Taiwan and Czech Republic, which keeps us at the cutting edge of product development. And beyond just being a supplier, we see ourselves as a long-term technology partner to our customers. That philosophy, combined with strong global alliances with companies like Stanley Electric, SL Corporation, Alps Alpine, Mannoh, Yokowo, Cornaglia, Ituran and others is really what has shaped Lumax into what it is today.
DVN: What about Lumax history? I know you built different partnership in lighting business (Stanley, SL and last year IAC acquisition if I am correct in India)
D.J.: You’re absolutely right about multiple partnerships at the Lumax group. Let me take you through the journey. Lumax Group has been in the automotive components space for over eight decades now. Within the Group, Lumax Industries was established in 1981 and our partnership with Stanley Electric of Japan has been the cornerstone of our technology story. It’s an over 40-year-old relationship, Stanley is a leader in vehicle lighting and the partnership has given us access to advanced LED and intelligent lighting technologies that have kept us ahead of the curve.
Lumax Industries’ core business centres on design, development, and manufacture of advanced automotive lighting systems for a wide range of vehicle segments – two-wheelers, four-wheelers, commercial vehicles, tractors, we service almost every major vehicle manufacturer in India. SL Corporation of Korea, through our associate company SL Lumax adds further capabilities for specific product segments and requirements for Hyundai India and Kia India. Under Lumax Auto Technologies, we have established multiple global partnerships with leading companies such as Mannoh, Yokowo, and Alps Alpine from Japan; Cornaglia from Italy; and Ituran from Israel, and a few more, collaborating across a diverse range of automotive technologies and product segments.
The acquisition of IAC India by Lumax Auto Technologies in 2023 marked a strategic step in strengthening our position in the evolving automotive landscape. Interior cockpit providing comfort, premiumisation integrated with ambient lighting is increasingly emerging as a key differentiator for vehicles globally, influencing both consumer experience and brand perception. IAC India adds significant value through its expertise in interior cabin systems, particularly in areas such as comfort, premiumisation and ambient lighting elements that are increasingly important for today’s discerning consumers. Importantly, this move aligns with broader global and domestic industry trends, where leading interior system players are increasingly collaborating with lighting specialists to create integrated, experience-driven solutions. With this acquisition, we are not just keeping pace with these trends but are well-positioned to lead in offering differentiated, future-ready mobility solutions. So, in many ways, our history is really a story of the right partnerships at the right time.
DVN: How do you see the lighting market evolution in India over the last decade?
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