Uravi Defence’s arm acquires 10% stake in Spafax [Automobile & Ancillaries]
AI Summary1 min read
TL;DR
Uravi Defence's subsidiary acquires a 10% stake in Spafax, an automotive lighting manufacturer. The company focuses on lamps for vehicles and has partnered with a Philippines firm to develop LED products under the 'UVAL' brand.
Tags
Auto AncillaryAutomobile & AncillariesUravi DefenceSpafaxautomotive lightingLED lampsstake acquisition
The company is a lamps and lighting products manufacturing and distribution company with core focus on automotive lamps and instrument cluster lighting. It specializes in manufacturing and distributing Stop and Tail Lamps /Signal Lamps /Indicator Lamps and Wedge Lamps for Two-wheelers, Four-wheelers, Tractors and Industrial applications for various Indian automobile manufacturers. The company is ISO/TS certified and holds certifications from the Automotive Research Association of India and E-mark for the products manufactured. Keeping in line with the current technological advancements in the field of automobile and home lighting, it has recently entered into a co-operation agreement with a Philippines based company named Global Lighting Phils. Inc for developing LED lighting products vertical of the company. The LED lamps are manufactured by Global Lighting Phils. Inc. under the brand name 'UVAL' and are imported, distributed and sold in India by the company. It has recently entered into trading of LED Lamps.