Subros has been awarded a new business contract to supply local electric compressors to Maruti Suzuki India Limited (MSIL) for its electric and hybrid vehicle programs. The approximate value of the business award is Rs. 1280 Crores spread over the life cycle of various models for about seven years. This award marks a strategic move into electric mobility and strengthens the company’s future revenue prospects.
New Business Award from Maruti Suzuki
Subros has received confirmation of a new business award for the supply of local Electric Compressors to Maruti Suzuki India Limited (MSIL). These compressors are intended for MSIL’s upcoming electric vehicle (EV) and hybrid vehicle programs. The announcement was made on January 29, 2026.
Contract Value and Duration
The approximate value of this business award is Rs. 1280 Crores. This value is projected to be realized over the lifecycle of various models for approximately seven years. This new business deal provides revenue visibility into the late 2020s and early 2030s.
Strategic Importance
This award represents a strategic milestone for Subros in the electric mobility sector. It is expected to contribute positively to the company’s future revenues. The award strengthens Subros’ long-standing relationship with MSIL. Subros will execute the localization of the Electric Compressor with technical assistance from DENSO Corporation, Japan, and Toyota Industries Corporation, Japan.
Company Overview
Subros Limited, established in 1985, is a joint venture with the Suri family of India, DENSO Corporation, and Suzuki Motor Corporation, Japan. The company is a leading manufacturer of thermal products for automotive applications in India. It has technical collaboration with DENSO Corporation, Japan. The company manufactures compressors, condensers, heat exchangers, and other components required to complete the AC loop, catering to various segments including Passenger Vehicles, Buses, Trucks, Refrigeration Transport, and Railways.
Annexure Details
The confirmation from Suzuki Motor Corporation is for supplies to Maruti Suzuki India Limited (MSIL). The key terms are in line with the existing Basic Purchase Agreement with MSIL. Subros will supply local Electric Compressors for electric and hybrid vehicles to the domestic market. The execution of the order is expected over seven years (approx.) from the start of production.
The broad consideration of the order is approximately Rs. 1280 Crores. There is no promoter/promoter group interest in the awarding entity. The order is considered an arm’s length transaction.
Source: BSE
