New Delhi: Aurangabad-based Varroc Engineering Limited has entered into an agreement with Canada's Delta-Q Technologies for manufacturing the latter's electric vehicle (EV) chargers in India. In an official statement released on Thursday, the company said, "Varroc Engineering Limited (Varroc), a global Tier-1 auto component manufacturer, has entered into a cooperation agreement ("Agreement") with Delta-Q Technologies Corp (Delta-Q). Varroc will manufacture Delta-Q's chargers in India to support the expansion of the electric two- and three-wheel vehicle market."
Based in Canada, Delta-Q is a leader in the design and supply of high-reliability on-board chargers for original equipment manufacturers in a variety of industrial and consumer markets in the US, Europe, and Asia. The news comes in the backdrop of the government's concerted efforts to push indigenous manufacturing under Atmanirbhar Bharat Abhiyan and cut reliance on imports.
Arjun Jain, Whole-time Director and the President – Electrical Business Unit at Varroc, said "Post the implementation of BSVI, the transition to EV is the most significant opportunity in the Automotive Electronics industry. With this partnership with Delta-Q, we aim to enhance our Electric Vehicle (EV) component portfolio. Our combined capabilities will create business synergies and strengthen our foothold to achieve our aspiration of becoming the leading EV component supplier in the country."
"This contract manufacturing agreement with Varroc is a first for Delta-Q in India," said Sarah MacKinnon, Co-CEO and CFO at Delta-Q. "Varroc has the capability and resources to support Delta-Q's manufacturing processes. We are excited to work with them to expand our business into India and support the rapid transition to electric vehicles within our OEM customers," said MacKinnon.
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