Varroc Engineering Shares Jumps Over 5% on Securing $48 Million Deal to Make EV Chargers for Global Car Maker

Varroc Engineering has added a new electric mobility programme to its global order book after securing a long-term supply contract from a leading electric vehicle manufacturer. 

Contract Scope and Product Details 

The company has received a strategic business win to supply AC bi-directional wall chargers designed for electric vehicles.  

The chargers will be Energy Star-compliant and engineered to deliver high stability, advanced safety and consistent charging performance.  

The programme strengthens Varroc’s position in the electric mobility ecosystem and expands its presence in passenger vehicle electronics. 

Manufacturing Plan and Revenue Visibility 

Manufacturing for the programme will be carried out at Varroc’s facility in Romania, with production aligned to global quality and delivery standards.  

The contract is expected to run for 6 years, with peak annual business value estimated at ₹4,391 million, equivalent to around $48 million. Capacity will be scaled in line with forecast volumes over the life of the programme. 

Strategic Relevance and Management Commentary 

The new order aligns with Varroc’s broader focus on automotive electronics, advanced safety systems, electric powertrain solutions and connected mobility.  

As per the exchange filings, Mr. Dhruv Jain, CEO – Business II, Varroc, stated, “This business win underlines Varroc’s commitment to delivering world-class electronics solutions to our OEM partners.”  

It added, “We are excited to collaborate with the automotive ecosystem and provide innovative solutions that enable safe, smart, and sustainable mobility across the world.” 

Read More: GMDC, NLC India and Auto Stocks in Focus as Budget 2026 Outlines India’s Rare Earth Strategy! 

Varroc Engineering Share Price Performance  

As of February 4, 2026, at 9:59 AM, Varroc Engineering Ltd share price is trading at ₹610.50 per share, reflecting a gain of 5.39% from the previous closing price. Over the past month, the stock has declined by 4.92%. 

Conclusion 

With a 6-year EV charger supply contract and manufacturing planned in Romania, Varroc Engineering continues to scale its electric mobility portfolio and deepen its engagement with global electric vehicle manufacturers. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.