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Subros received a new business award worth about Rs 1,280 crore from Maruti Suzuki India for locally made electric compressors for EV and hybrid programmes, with supplies over nearly seven years.
Subros has been awarded a new business contract to supply local electric compressors to Maruti Suzuki India for EV and hybrid vehicles, valued at about Rs 1,280 crore over roughly seven years.
Subros Limited received confirmation of a new business award to supply local electric compressors to Maruti Suzuki India for EV and hybrid programs, worth about INR 12,800 million over roughly seven years.
TD Deutsche Klimakompressor broke ground on its sixth construction phase in Straßgräbchen, Saxony, adding about 20,000 square metres and a high-bay warehouse, with completion planned for late 2024 and annual shipments rising from 6 to 8 million units.
Michigan Automotive Compressor (MACI), a Toyota Industries and DENSO joint venture, plans a $82 million investment to install new production processes at its Parma facility to produce electric vehicle technology products, retaining 241 jobs.
Toyota Industries Electric Air Conditioning Compressor (Kunshan) raised capital by RMB 560 million to build a second phase producing electric air-conditioning compressors for new energy vehicles. The expansion is expected to add 1.2 million units of capacity.
Toyota Industries is expanding capacity for car air-conditioning electric compressors, including roughly doubling its Higashiura plant in Aichi with a new processing line starting October 2022. The company targets a global production system of 10 million units.
Shougang Toyota Industrial Air Conditioning Compressor, invested in by Toyota Industries, produced its first electric compressor at the Yantai Development Zone plant on May 4, 2021, targeting over 1 million units a year.
Toyota Industries Compressor Parts America will expand its Pendergrass, Georgia production facility to add a DC-AC inverter production line and 15,000 sq ft, investing $5.5 million and creating at least 27 jobs over 18 months.
