Subros Limited has been awarded a significant new business contract to supply locally manufactured electric compressors to Maruti Suzuki India Limited (MSIL) for its upcoming electric and hybrid vehicle programmes. The order, valued at approximately ₹1,280 crore, will be executed over the lifecycle of multiple vehicle models for about seven years, strengthening Subros’ position in the electric mobility segment and providing long-term revenue visibility.
The company received confirmation of the business award from Maruti Suzuki on January 29, 2026. The electric compressors will be supplied for MSIL’s domestic electric and hybrid vehicle portfolio, marking a strategic expansion of Subros’ product offerings aligned with the automotive industry’s transition towards electrification.
The ₹1,280-crore order is expected to be realised gradually over the production lifecycle of various models, extending into the late 2020s and early 2030s. This contract enhances Subros’ order book and reinforces its long-standing relationship with Maruti Suzuki, one of its key customers.
As part of the project, Subros will undertake localisation of the electric compressor with technical assistance from DENSO Corporation, Japan, and Toyota Industries Corporation, Japan. The initiative underscores Subros’ focus on advanced technologies and its commitment to supporting India’s electric mobility ecosystem.
Established in 1985, Subros Limited is a joint venture between the Suri family of India, DENSO Corporation, and Suzuki Motor Corporation of Japan. The company is a leading manufacturer of automotive thermal products in India, producing compressors, condensers, heat exchangers, and complete AC loop components for passenger vehicles, buses, trucks, refrigeration transport, and railways.
According to the annexure details, the order will be executed under the existing Basic Purchase Agreement with MSIL and is structured as an arm’s length transaction. There is no promoter or promoter group interest in the awarding entity. The supplies are intended exclusively for the domestic market, with execution expected to span approximately seven years from the start of production.
