Mumbai: Lumax Auto Technologies on Friday said it has formed a strategic partnership through its aftermarket division with German firm Bluechem group in the automotive car-care space.
This partnership will offer domestic customers automotive car-care products for cleaning, service and maintenance across the domains, Lumax Auto Technologies Ltd (LATL) said in a statement. These domains include preventive and maintenance solutions, additives, car and bike care, diagnostic software, tools and equipment, the company said. A part of the Lumax-DK Jain Group, Lumax Auto Technologies is a diversified automotive systems and components manufacturer, while Bluechem is a global automotive maintenance care products and services provider, operating across over 120 countries. The Indian car-care products, services and PPF (paint protection film) market is estimated to be around Rs 1,025 crore (in 2023) and is growing at a healthy compound annual growth rate (CAGR) of 8.5 per cent per annum according to Lumax Auto Technologies.
