Varroc Secures Major Contract for EV Bi-Directional Wall Chargers
Varroc Engineering has secured a six-year contract with a global EV OEM to supply AC-bi-directional wall chargers. The estimated annual business value at peak capacity is ₹365.92 crore (approximately USD 48 million). Production will occur at Varroc's Romania facility.
The contract is for a new product line (EV chargers) with a leading OEM and is expected to span six years, representing a substantial new revenue stream, but the exact financial impact beyond the peak annual value is not fully detailed.
The announcement details a significant new business win and strategic partnership with a leading global EV OEM, indicating positive growth and expansion in the electric mobility sector.
Varroc Engineering Limited has announced a significant new business win with a leading global electric vehicle (EV) OEM for the supply of AC-bi-directional wall chargers.
This strategic partnership, expected to span six years, reinforces Varroc's position in the electric mobility sector. The company will manufacture Energy Star-compliant AC bi-directional wall chargers at its facility in Romania, focusing on high stability, advanced safety, and seamless EV charging performance.
The estimated annual business value at peak capacity is ₹365.92 crore (approximately USD 48 million). This win aligns with Varroc's strategy to accelerate growth in advanced safety, lighting, and electric powertrain solutions, leveraging its strong capabilities in electronics manufacturing and product development.
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