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.