Varroc Engineering wins 8-year EV powertrain contract

Varroc Engineering Ltd. on Monday said it has secured an eight-year contract from an electric vehicle OEM to supply electric powertrain components. The company plans to invest ₹8 billion to build peak annual capacity based on projected volumes, it said in an exchange filing.

The order strengthens Varroc’s position in the global passenger vehicle electronics market. The company will supply a range of e-powertrain components, including power electronics units, inverters, onboard chargers, battery management systems, and DC–DC converters, it said.