Automobile News

Lumax Industries confirms searches by I-T dept

Lumax Industries confirms searches by I-T dept

New Delhi: Auto component maker Lumax Industries today said income tax authorities are conducting searches at various locations of the group.

“We confirm that a search/enquiry is under progress by Income Tax authorities at various locations of the Lumax group,” the company said in a regulatory filing.

The company is extending its full co-operation to the authorities and providing all the requisite information to the concerned authorities, it added.

It, however, did not share details.

The company said the proceedings have not impacted any routine operations of the company.

Lumax has 10 manufacturing facilities across the country. The company offers a range of lighting systems and solutions for four wheelers, two wheelers, trucks and buses among others.

PTI