NEW DELHI/MUMBAI (Commodity Online): Manufacturer and supplier of auto components, Lumax Industries Ltd (BOM:517206) is planning to invest around Rs.200 crore over next two-three years for setting up two manufacturing plants and one R&D centre in the country.

“We will be putting up two plants, one for Nano in Sanand, which should be operational by the third quarter of this fiscal and second for Toyota's 'Etios' in Bangalore, which should come up by next fiscal,” a top company official mentioned today.

Besides setting up two manufacturing plants, the company is also looking to set up a research and development centre in the National Capital Region.

The funding for all these projects will be adjusted through internal accruals. The company stocks traded at Rs.300 down by over 1.3% in the afternoon trades on the Bombay Stock Exchange (BSE) today.

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