4 months ago
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Having started a manufacturing portion successful Pune past month, its 3rd works successful India, Neolite ZKW Lightings Ltd, a shaper and planetary supplier of automotive lighting products and components for OEMs Original Equipment Manufacturers (OEMs), crossed conveyance categories is readying to acceptable up a caller works successful Chennai which should commencement accumulation successful 2028, a apical enforcement said.
This works volition travel up with an concern of ₹150 crore. “We person already acquired onshore this works volition beryllium commencement cognition successful 2028,” Rajesh Jain, Chairman and Managing Director, Neolite ZKW Lightings Ltd said.
He said the request for automotive lights is increasing successful tune with the emergence successful automobile income successful the state and the momentum would proceed for the 10 years and so.
The institution connected Friday (January 23, 2026) organised a Commemorative Ceremony of its manufacturing installation successful Pune which was attended by Won Yong Hwang, CEO, ZKW Group GmbH, a subsidiary of Korean large LG Electronics.
The institution has besides established an autarkic plan centre equipped with modern plan tools and simulation software, 3D modelling, optical design, prototyping, and validation support.
The plan centre plays a important relation successful enhancing the company’s in-house merchandise improvement capabilities, reducing time-to-market, and ensuring that its solutions conscionable planetary performance, and regulatory standards.
Won Yong Hwang, CEO, ZKW Group GmbH said, “India continues to look arsenic a strategical marketplace for the planetary automotive industry. Neolite ZKW’s enlargement successful Pune represents a affirmative measurement toward advancing next-generation automotive lighting solutions, and we look guardant to continued collaboration successful exertion and innovation.”
Mr. Jain said, “With this facility, we are amended positioned to respond timely to lawsuit requirements, thrust innovation successful automotive lighting, and make employment opportunities successful the region. After this, our adjacent absorption volition beryllium to get our Kancheepuram installation successful Tamil Nadu up and moving and we are moving precise hard to get that done.”
“The Pune installation is designed to absorption connected manufacturing of automotive lighting products and components including moulding, aboveground attraction and assembly. Further, successful enactment with the displacement toward electrification and sustainability, we besides connection definite electrical conveyance focused lighting products. At the aforesaid time, our portfolio is powertrain agnostic that serves some EVs and interior combustion motor vehicles.” said Rajesh Soni, CEO, Neolite ZKW.
The institution has invested ₹70 crore successful the archetypal signifier of the Pune works which has an installed capableness of 2.8 cardinal units per year. Plans are connected for the 2nd signifier with adjacent capableness expansion.
The institution is readying an IPO of astir ₹600 crore which volition see Offer for Sale and Fresh Issue. There would beryllium dilution of 25%.
