Subros starts supplying a/c parts to Suzuki’s Gujarat plant
13 Feb 2017
Indian automotive components manufacturer Subros has started supplies of air conditioning parts from its Gujarat plant to Japanese automaker Suzuki Motor's plant in the same state, the company said in a BSE filing.
Subros also said that it is gearing up its capacities to cater for Suzuki Motor Gujarat's current and future requirements. Subros is also a key supplier to Maruti Suzuki India for their Gurugram and Manesar plants.
The Gujarat facility is Suzuki Motor's first wholly-owned car plant in India and the company has invested Rs18,500 crore in the plant. This plant will supply vehicles and components exclusively to Maruti Suzuki India.
In the first phase, the Gujarat factory will have two vehicle assembly lines of 2.5 lakh units per annum each and an engine plant.
With parent Suzuki's Gujarat plant, Maruti Suzuki India expects to significantly reduce the waiting period for its high-selling models Vitara Brezza and Baleno. At present, the two models have a waiting period of between 20 and 24 weeks depending upon the variants.
Suzuki Motor's Gujarat plant would roll out the Baleno from the first assembly line.
Subros has posted a decline of 45.59 per cent in its standalone net profit at Rs3.27 crore for the third quarter ended 31 December 2016.
However, its net sales were up by 13.42 per cent during the period to Rs372.90 crore as against Rs328.76 crore in the corresponding quarter of the previous financial year.