Subros shares jumped 10% on Wednesday, 28 October, after the company announced a new business award from Maruti Suzuki India Ltd (MSIL) to supply HVAC assemblies for the YM3 and YU0 models.
The order is valued at approximately ₹1,225 crore, with the business value spread over the models’ total life cycle of around seven years.
Subros said the award would strengthen its presence and support business growth in the western region. It also reinforces the company’s longstanding relationship with Maruti Suzuki and its position as a leading automotive thermal systems manufacturer in India.
The contract has been awarded by a domestic entity and covers the supply of HVAC assemblies for the specified models.
Subros Ltd is a manufacturer of automotive thermal products in India, with technical collaboration from DENSO Corporation.
The company is India’s only integrated manufacturer of automotive air-conditioning systems and thermal products. Its product portfolio includes compressors, condensers, heat exchangers and other components required for complete air-conditioning systems.
Subros caters to multiple segments, including passenger vehicles, buses, trucks, transport refrigeration and railways.
The company’s Board of Directors is scheduled to meet on 3 November 2026, to consider and approve the unaudited financial results for the quarter and half-year ended 30 September 2026.
Subros strengthens R&D capabilities with new innovation centre in Noida
Subros has established the Subros Advanced Technologies and Innovation Centre (SATIC) in Sector 136, Noida, as an extension of its existing research and development (R&D) centre. The facility aims to strengthen the company’s technological capabilities and support its long-term growth and innovation objectives.
The centre will focus on advanced technology development, engineering innovation, digitalisation and research in automotive thermal management systems for passenger vehicles, commercial vehicles, buses and railways.
It will also support the development of technologies aligned with the automotive industry’s evolving requirements, including vehicle electrification, energy efficiency, advanced thermal management and sustainable mobility.
The initiative is part of Subros’ broader strategy to enhance its R&D capabilities, strengthen engineering expertise and prepare for emerging technological requirements in the automotive sector.
