Varroc Engineering collaborates with Delta-Q to manufacture battery chargers in India

Varroc Engineering Limited has entered into a cooperation agreement with Delta-Q Technologies Corp. The former will manufacture Delta-Q’s chargers in India to support the expansion of the electric two and three-wheeler vehicle market. 

Delta-Q, which is based in Canada, 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 & Asia. 

Varroc’s management stated post the implementation of BSVI that the transition to electric vehicle (EV) is the most significant opportunity in the automotive electronics industry. With this partnership, the company aims to enhance its EV component portfolio. 

This contract manufacturing agreement with Varroc is a first for Delta-Q in India. With this partnership, Delta-Q will be further enabled to expand its business in India. 

Varroc Engineering is a global tier-1 automotive component group that designs, manufactures, and supplies exterior lighting systems, plastic & polymer components, electrical-electronics components, and precision metallic components to passenger cars, commercial vehicles, two-wheelers, three-wheelers, and off-highway vehicle OEMs, directly worldwide. 

On Thursday, the stock of Varroc Engineering surged 7.5 per cent to Rs 406.60 from its previous close of Rs 378.10 and later, closed at Rs 394.40 on BSE.