Stock Report

Varroc Engineering wins Strategic High Voltage Electronics Contract for E-Powertrain Components with Electric Vehicle OEM

Posted On : 2025-11-24 15:41:08( TIMEZONE : IST )

Varroc, a leading global Tier-1 automotive supplier, announced a major new business win with an electric vehicle (EV) OEM. The partnership involves the supply of critical High Voltage electronics for e-powertrain components, marking a significant milestone in Varroc's continued expansion into the electric mobility segment and underscores its position as a trusted partner for advanced technology solutions globally.

Under the agreement, Varroc will deliver comprehensive High Voltage Electronics for a range of high-performance e-powertrain components, including power electronics unit, inverters, onboard chargers, battery management systems (BMS), and DC-DC converters. These components will be supplied from Varroc's established manufacturing facility in Romania, ensuring high-quality production and timely delivery aligned with global standards.

The delivery will span over 8 years, and the peak annual capacity based on the volume forecasted which Varroc have to put up will be INR 8000 million.

Speaking on the business win, Mr. Dhruv Jain, CEO - Business II, Varroc, said "We are excited to support our EV OEM customer with their High Voltage electronics requirements. This contract win is a strong validation of our advanced electronics manufacturing capabilities and our understanding of the global EV ecosystem. As the automotive industry rapidly transitions towards electrification, Varroc is proud to partner with customers by providing advanced, reliable, and efficient solutions that meet the highest standards of quality and performance."

With this partnership, Varroc strengthens its foothold in the global passenger vehicle electronics market. The agreement also aligns with Varroc's strategic roadmap to accelerate growth in electronics, lighting, and electric powertrain solutions for global automotive OEMs.

Varroc has been investing significantly in advanced technologies and possesses strong capabilities in electronics manufacturing, systems integration, and design expertise to meet the growing global demand for e-mobility, connectivity and ADAS.

Shares of Varroc Engineering Limited was last trading in BSE at Rs. 654.85 as compared to the previous close of Rs. 669.10. The total number of shares traded during the day was 31048 in over 1813 trades.

The stock hit an intraday high of Rs. 669.85 and intraday low of 645.45. The net turnover during the day was Rs. 20427550.00.