Anmol Jain, Managing Director of Lumax Auto Technologies, indicated that the partnership would help the company diversify its offerings and increase its share in the four-wheeler segment by capitalising on the growth potential of Greenfuel's business. Deepak Jain, Promoter Director of Lumax Auto Technologies, noted that the acquisition aligns with Lumax's long-term growth strategy, especially as the CNG vehicle market is expected to grow significantly, particularly in the passenger vehicle segment.