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The COVID-19 pandemic caused severe damage to most sectors
Fear of taking public transport might present opportunities in the PV segment
Lumax Industries generates around 94% of its revenues from the PV, 2W segments
Q2 FY21 numbers suggest V-shaped recovery
Lumax's net revenues declined merely 7.5% YoY
Maruti generated around 37% of total revenue in Q2 FY21 for Lumax
HMSI is Company's 2nd largest customer generating 17% of total revenue in Q2 FY21
An important trigger for the company is the wider adoption of LED lights
Newly implemented BS-VI rules require vehicles to be more energy-efficient
Adverse commodity prices could increase raw material costs and hurt operating profitability