Varroc Engineering wins Strategic Contract for AC-Bi-Directional Wall Charger with Leading Global Electric Vehicle OEM

Varroc, a leading global Tier-1 automotive supplier, today announced a significant new business win with a leading global electric vehicle (EV) OEM for the supply of AC-bi-directional wall chargers for electric vehicles.

This strategic partnership marks an important milestone in Varroc's continued expansion within the electric mobility ecosystem and further reinforces its position as a trusted global partner for advanced automotive technology solutions.

Under the agreement, Varroc will supply Energy Star-compliant AC bi-directional wall chargers, engineered to deliver high stability, advanced safety, and seamless EV charging performance. The chargers will be manufactured at Varroc's established facility in Romania, ensuring high-quality production and timely deliveries in line with global standards.

The program is expected to span six years, with Varroc setting up peak annual capacity aligned with the forecasted volumes. The estimated annual business value at peak capacity is ₹4,391 million (approximately USD 48 million).

Commenting on the business win, Mr. Dhruv Jain, CEO - Business II, Varroc, said: "This business win underlines Varroc's commitment to delivering world-class electronics solutions to our OEM partners. We are excited to collaborate with the automotive ecosystem and provide innovative solutions that enable safe, smart, and sustainable mobility across the world."

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

Varroc continues to make significant investments in automotive technologies and brings strong capabilities in electronics manufacturing and product development to address the rapidly growing global demand for e-mobility, connectivity, and ADAS solutions.

Shares of Varroc Engineering Limited was last trading in BSE at Rs. 580.20 as compared to the previous close of Rs. 566.45. The total number of shares traded during the day was 7926 in over 301 trades.

The stock hit an intraday high of Rs. 591.00 and intraday low of 576.65. The net turnover during the day was Rs. 4609467.00.

Source : Equity Bulls

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