The news of this joint venture has spread quickly amongst the First Nation Communities, which is proposed to be headquartered in Helsinki, Finland. The joint venture, named LM-Filters OY, will leverage European Technology and vigorous Indian manufacturing techniques to provide exemplary filtration solutions to customers in and around Europe. With a visionary approach to establishing a strong foothold in the European market, LUMAN Group plans on to emerge as a global player in the Automotive Filtration Industry through this partnership.
India has a huge potential to enter the global markets in the automotive space. Jagmeet Singh Sethi, Managing Director of LUMAN Group, realising the same, says, “It is significant that Indian companies utilize their strengths and capacities and offer promising products and services to manifest a stronghold in the global markets. LUMAN Group has always thrived to provide advanced and eco-friendly solutions for the automotive space. We not only aim to make a profit but create sustainable win-win scenarios for our partners, customers and the environment.
The innovative research team at LM Filters OY aims to utilize LUMAN Group’s manufacturing facilities in North India for capacity expansion and meet the growing demand for filtration products across Europe. Crediting this joint venture, LUMAN will also get access to European technology and techniques which would be used to develop advanced products for BS-VI and other higher specifications in the domestic Indian Market.
LM-Filters OY is the group’s second joint venture after Hengst-Luman India Private Limited which in collaboration with German Filter giant Hengst is a major supplier to Daimler India Commercial Vehicles.