Subros Share Price Gains Over 6%; Wins ₹1,280 Crore Electric Compressor Order from Maruti Suzuki

Subros Limited informed the stock exchanges on January 29, 2026, about the receipt of a new business award for supplying local electric compressors to Maruti Suzuki India Limited for its upcoming electric and hybrid vehicle programmes. 

Details of the New Business Award 

The company has received confirmation for the supply of electric compressors to Maruti Suzuki India Limited under existing purchase arrangements.  

The order covers electric and hybrid vehicle models and will be executed over an approximate period of 7 years, commencing from the respective start of production of the models. 

Order Value and Execution Period 

The approximate value of the business award is ₹1,280 crore, spread over the lifecycle of various vehicle models. The contract has been awarded by a domestic entity and will be executed within India. The transaction has been confirmed to be conducted at arm’s length. 

Read More: Maruti Suzuki Share Price in Focus on Q3 FY26 Earnings Results: Net Sales up 29.2% YoY! 

Scope of Supply and Localisation 

Under the awarded business, Subros will undertake localisation of electric compressors with technical assistance from DENSO Corporation Japan and Toyota Industries Corporation Japan. The compressors will be used in electric and hybrid vehicle applications, supporting thermal management requirements. 

Relationship with Maruti Suzuki 

The order strengthens Subros’ long standing association with Maruti Suzuki India Limited. The company has clarified that neither the promoter nor the promoter group has any interest in the awarding entity beyond existing commercial arrangements. 

Company Overview 

Founded in 1985, Subros Limited operates as a joint venture with the Suri family of India, DENSO Corporation Japan and Suzuki Motor Corporation Japan. The company manufactures compressors, condensers, heat exchangers and complete air conditioning systems catering to passenger vehicles, buses, trucks, refrigeration transport and railways. 

Subros Share Price Performance  

As of January 29, 2026, at 1:52 PM, Subros share price on NSE was trading at ₹822.70 up by 6.31% from the previous closing price. 

Conclusion 

The ₹1,280 crore electric compressor order represents a disclosed business development for Subros Limited in the electric and hybrid vehicle segment, as communicated to the exchanges on January 29, 2026. 

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