Subros Ltd has received a significant business award valued at approximately ₹12.8 billion for supplying electric compressors to Maruti Suzuki India Ltd (MSIL). This order strengthens Subros’ position in the automotive components sector, highlighting its role in supporting India’s transition toward electric mobility and sustainable vehicle technologies.
Subros Ltd, a leading manufacturer of automotive air-conditioning systems and components, announced a major business win with Maruti Suzuki India Ltd (MSIL). The company has secured an order worth about ₹12.8 billion to supply electric compressors, marking a strategic step in its expansion into electric vehicle (EV) technologies.
Key Highlights
-
Order Value: Approximate business award of ₹12.8 billion.
-
Client: Maruti Suzuki India Ltd (MSIL), India’s largest carmaker.
-
Product Focus: Electric compressors designed for next-generation vehicles.
-
Strategic Importance: Strengthens Subros’ footprint in EV components and aligns with India’s push toward sustainable mobility.
-
Future Outlook: The order is expected to enhance revenue visibility and support long-term growth in the automotive supply chain.
This development underscores Subros’ evolving role in the automotive ecosystem, as the company adapts to emerging technologies and partners with leading OEMs to drive innovation in electric mobility solutions.
Sources: Company filings to stock exchanges, Reuters