Standalone Financial & Market Overview

Head Lamp - Technology Evolution co Head Lamp with Bulb Projector Head Lamp All LED Head Lamp Head Lamp with bulb + Led DRL LUMAX Head Lamp with LED Projector and LED DRL 2011-13 Head Lamps with Halogen Bulbs with Clear PC Lens with Multi Focal Reflector (MFR) for Light Distribution were introduced in the passenger vehicle segment Indian OEM's introduced Projector Lamps with Halogen Lamps and some features with LED like the DRL (Daytime Running Lights). But Projector Lamps were offered as an option in top variants of the vehicles and not as a standard feature 2014-15 Introduction of Projector Lamps with Halogen Bulbs for new vehicles launched in India by more number of OEM's as standard feature In the later half of 2014 and start of 2015 more number of OEM's shifted focus to introduction of LED's for feature of DRL's and/or signature Lighting Also in 2015 more number of Head Lamps were introduced with LED's for DRL feature with usage of HID (High Intensity Discharge) Bulbs for Projector 2016-17 Almost all the models were introduced either with LED DRL feature or Projector Head Lamp (either with Halogen Bulb or HID Bulb) or with both LED DRL and Projector Head Lamp Headlamps with Signature DRL's or Lighting become a styling feature and were introduced in the vehicles launched in 2016 Later half of 2016 also witnessed the introduction of LED Projector Head Lamps thus leading to more penetration of Electronics and LED into Head Lamps Year 2017 witnessed the transition to manufacturing of Localized LED Head Lamp with Signature DRL and Position 2017-19 The future models which are replacing the existing models are now either with Projector Head Lamp (Bulb) whose predecessor were with Halogen Bulbs and with Projector Head Lamp (with LED) whose predecessors were with Projector with Halogen Bulbs LED to drive the future growth 40 40

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