Entrustment business of Engine Cooling Module shifted to Subros as regular business by DENSO
Deepthi | Myequity news | Date : 29-01-2019 16:30:00 IST
In the year 2014, Subros and DENSO Haryana Pvt Ltd entered into Entrustment Production Contract for Engine Cooling Module (ECM Assembly) and have been going on successfully for last 4 years. DENSO, aiming to further strengthen their Thermal business in the Indian market and strengthening collaboration with Subros, has decided that in addition to the Technical Assistance Agreements with Subros in the current Air Conditioning business, DENSO would be applying the same scheme to ECM business also. Based on this, current entrustment business of ECM will move to Subros as regular business and the Company shall be supplying these parts directly to its customers. Effective date of such change for MSIL Manesar and Gurgaon supply would be from 1st February, 20 19 and for SMG supply from 1st March, 2019. This arrangement will help the Company to realise lean production system and remain more competitive in this market. The Company is expecting to reach to 1 million production of ECM in the current financial year 2018-19 and it will further expand as per growth in line with customer(s) demand. About Subros Limited:
Subros Limited founded in 1985 as a joint venture with Suri family of India, Denso Corporation & Suzuki Motor Corporation, Japan; is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The Company is the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products. Subros Ltd manufactures compressors, condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments viz. Passenger Vehicles, Buses, Trucks, Refrigeration Transport and Railways.