Varroc Wins Strategic Contract for AC Bi-Directional Wall Charger

06 Feb 2026 CW Team

The programme is expected to run for six years with Varroc establishing peak annual capacity that aligns with forecasted volumes. The estimated annual business value at peak capacity is Rs 4,391 mn, equivalent to about USD 48 mn. The company said the award reflects its ability to meet stringent technical and regulatory requirements for vehicle electrification. Production at the Romania site is expected to support localisation and supply chain efficiency for the programme.

Varroc indicated that the contract underlines its commitment to supplying world-class electronics solutions and to collaborate with the automotive ecosystem to enable safe, smart and sustainable mobility. The agreement is expected to strengthen Varroc's footprint in the global passenger vehicle electronics market and to support its strategic roadmap for growth in advanced safety, lighting and electric powertrain solutions. The programme will leverage the group's capabilities in electronics manufacturing, product development and system integration.

The group reported consolidated revenue of Rs 81,718 mn from continued operations in fiscal year 2025 and employs more than 6,100 employees, including more than 750 R&D engineers. Varroc operates 37 global manufacturing facilities supported by seven R&D centres and has filed more than 120 patents. The company intends to continue investing in technologies that address growing global demand for e-mobility, connectivity and advanced driver assistance systems.

Varroc Engineering Limited (Varroc) has won a multi-year supply contract to provide AC bi-directional wall chargers to a leading global electric vehicle original equipment manufacturer. The chargers will be Energy Star compliant and built to deliver high stability, enhanced safety and consistent charging performance. Manufacturing will take place at Varroc's established facility in Romania to ensure quality production and timely deliveries in line with global standards. Varroc is a global tier-one automotive supplier with end-to-end capabilities across design, development and manufacturing. The programme is expected to run for six years with Varroc establishing peak annual capacity that aligns with forecasted volumes. The estimated annual business value at peak capacity is Rs 4,391 mn, equivalent to about USD 48 mn. The company said the award reflects its ability to meet stringent technical and regulatory requirements for vehicle electrification. Production at the Romania site is expected to support localisation and supply chain efficiency for the programme. Varroc indicated that the contract underlines its commitment to supplying world-class electronics solutions and to collaborate with the automotive ecosystem to enable safe, smart and sustainable mobility. The agreement is expected to strengthen Varroc's footprint in the global passenger vehicle electronics market and to support its strategic roadmap for growth in advanced safety, lighting and electric powertrain solutions. The programme will leverage the group's capabilities in electronics manufacturing, product development and system integration. The group reported consolidated revenue of Rs 81,718 mn from continued operations in fiscal year 2025 and employs more than 6,100 employees, including more than 750 R&D engineers. Varroc operates 37 global manufacturing facilities supported by seven R&D centres and has filed more than 120 patents. The company intends to continue investing in technologies that address growing global demand for e-mobility, connectivity and advanced driver assistance systems.

Real Estate

28 Mar 2026

Housing Sales Dip 7 per cent QoQ Across Top Cities

India’s housing market saw a 7 per cent quarter-on-quarter decline in sales across the top seven cities in Q1 2026, with approximately 1,01,675 units sold compared to 1,08,970 units in Q4 2025, according to ANAROCK Group. However, on a yearly basis, sales rose 9 per cent, indicating continued underlying demand.The total sales value stood at around Rs 1.51 trillion, reflecting a 5 per cent quarterly drop but a 6 per cent annual increase. Mumbai Metropolitan Region and Bengaluru together accounted for nearly 48 per cent of total sales, while Chennai recorded the highest quarterly decline at 18..

Real Estate

28 Mar 2026

Birla Estates Enters Mumbai Redevelopment

Birla Estates has announced its entry into Mumbai’s redevelopment segment with a luxury residential project in Khar West, developed in partnership with Parinee Real Estate Builders. The project will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society, marking the company’s first redevelopment initiative in the Mumbai Metropolitan Region.Spread across 1.3 acres, the development will offer a saleable area of 2.9 lakh sq ft with an estimated revenue potential of Rs 17 billion. Positioned in one of Mumbai’s prime residential micro-markets, the projec..

Infrastructure Urban

28 Mar 2026

Hitachi, MUFG Expand EV Financing Model

Hitachi and MUFG Bank have expanded their NextGen business co-creation model to accelerate decarbonised mobility by financing electric vehicles and charging infrastructure. The renewed collaboration aims to address key barriers to electrification, including limited access to capital and the need for integrated energy solutions.Building on earlier partnerships, the expanded model extends beyond battery-focused solutions to include electric mobility assets, charging systems and energy management infrastructure across global markets. The initiative will leverage structured financing through speci..