Varroc Engineering Secures High Voltage Electronics Contract
Filing Summary
Varroc Engineering Limited has announced a new contract with an electric vehicle OEM for the supply of high voltage electronics for e-powertrain components. The contract involves delivering components such as power electronics units, inverters, onboard chargers, battery management systems, and DC-DC converters. These will be manufactured at Varroc’s facility in Romania over an eight-year period, with a peak annual capacity of INR 8000 million. This agreement aligns with Varroc’s strategy to expand its presence in the electric mobility sector and enhance its capabilities in advanced electronics manufacturing.
Varroc Engineering Limited has secured a contract with an electric vehicle OEM for the supply of high voltage electronics for e-powertrain components. The agreement includes the delivery of critical components such as power electronics units, inverters, onboard chargers, battery management systems, and DC-DC converters. These components will be manufactured at Varroc’s facility in Romania, ensuring adherence to global standards.
The financial terms of the contract specify a peak annual capacity of INR 8000 million. This capacity is based on the volume forecasted for the eight-year duration of the agreement. The contract represents a significant business opportunity for Varroc, contributing to its revenue stream over the specified period.
The scope of the contract involves the comprehensive supply of high voltage electronics for a range of high-performance e-powertrain components. Varroc’s manufacturing facility in Romania will be responsible for producing these components, ensuring high-quality production and timely delivery. The facility is equipped to meet the demands of the contract, aligning with Varroc’s commitment to providing advanced technology solutions.
The agreement with the electric vehicle OEM is part of Varroc’s strategic roadmap to expand its presence in the global passenger vehicle electronics market. The company has been investing in advanced technologies to enhance its capabilities in electronics manufacturing, systems integration, and design expertise. This contract aligns with Varroc’s focus on e-mobility, connectivity, and advanced driver-assistance systems (ADAS).
The timeline for the contract spans eight years, with Varroc expected to meet the peak annual capacity as forecasted. The components will be supplied from Varroc’s Romanian facility, which is equipped to handle the production requirements. This long-term agreement underscores Varroc’s role as a trusted partner in the electric mobility sector.
Varroc Engineering Limited is a global tier-1 automotive component group, specializing in e-mobility solutions, body systems, lighting solutions, HMI solutions, ICE powertrain, and advanced electronics. The company provides end-to-end capabilities across design, development, and manufacturing for various vehicle types worldwide. Varroc is listed on the National Stock Exchange and the Bombay Stock Exchange in India.