India's top producer of
thermal goods for automotive applications is Subros Limited. With the Suri
family of India owning 36.79% of Subros Ltd, Denso Corporation of Japan owns
20%, Suzuki Motor Corporation of Japan owns 11.96%, and Suzuki Motor
Corporation of Japan collaborates technically with Denso. Subros Ltd was
created in 1985 as a joint venture public limited company.
From having aproduction capacity of 15,000 air conditioners in 1985, which was primarilymade up of an assembly operation, the company has developed into the largestand only integrated manufacturing facility in India for automotive air conditioning systems. Compressors, condensers, heat exchangers, and all other connecting components needed to complete an AC loop are manufactured by Subros, which serves all market sectors including passenger cars, buses, trucks, refrigeration transport, off-roaders, home air conditioners, and railways.
Subros has manufacturing plants at Noida , Manesar, Pune,
Chennai , Nalagarh and Karsanpura with an annual capacity of 1.5 Million AC
Kits per annum beside a well equipped R&D Center and Tool Room at Noida.
Industry Overview :
The auto ancillary
industry plays a vital role in Indian economy. it contributes around 2-3 %
revenue of India's GDP. The Ancillary industry is intertwined with the
automobile industry. The success of auto ancillary business is directly
proportional to the demand for two wheelers, cars and the commercial vehicles
in the market. This sector is considered as cyclical sector because of the fact
that demand is heavily affected by economic cycle.
The sector can be categorized into three segments; Organized, unorganized and exports. Original
equipment manufacturers (OEMs) serve the organized market, which deals with high-value parts. The unorganized segment sells low-value after-sales replacement products. Original Equipment Manufacturers (OEMs) account for a Seizable 61% of the the automobile ancillary sector's revenue in India ,while the aftermarket contributes another 18% and the exports account for the remaining 21% revenue.
As per Automobile Component Manufacturers Association (ACMA), automobile components export from India is expected to reach $ 80 billion by 2026. The Indian auto components
industry aims to achieve $200 billion in revenue by 2026.
Subros Limited - Product List
There is a wide of Product list where Subros Limited operates in;
Compressor :
Subros has a wide range of reciprocating compressors, compatible with eco friendly refrigerant. These compressors are available in various sizes and capable to suit all requirements and engine power .
Condensers:
Subros Limited
is the largest manufacturer of automotive condensers in India. These condensers
are manufactured in technical collaboration with Denso Corporation Japan.
Tubes & Hoses :
Tubes & Hoses made from special grade aluminum material with wrinkle free bending and special grade rubber material for carrying high pressure environment friendly refrigerant from Compressor to Condenser to Evaporator in order to keep the vehicle cabin cool during summer. Subros also provides Internal Heat Exchanger (IHX) Assy. where by improving the overall efficiency of the AC system.
Bus AC :
Subros provides complete range of Bus Air
conditioners ranging from 7.5 KW to 36 KW capacity suitable for 4 mtr to 12 mtr
buses.
Rail AC :
Subros provides tailored system solutions for driver cabin AC of railway engines featuring compactness, flexibility and easiness to install, irrespective of whether they are diesel or electricity driven engine. Subros Limited is also working on development of units for Coach AC.
Residential AC :
Subros has a complete range of Residential Air
Conditioners i.e. Window AC & Split AC system & supplying these
products as OEM/ODM to all the leading brands in the Market.
Commercial
AC
Subros Limited caters the demands of both Residential & Commercial Air-conditioner Market by
providing a comprehensive product range of Light Commercial AC (1.5 TR ~ 4.0 TR
) & Ductable AC ranges ( 5.5 TR ~ 17.0 TR) to the customer.
Transport Refrigeration system
Subros Limited provides a complete range of
transport refrigeration solutions suitable for storage volume upto 50 cu.m for
chilling & freezing applications. Subros design world class transport refrigeration
systems keeping energy efficiency, cost effectiveness and safety features in
mind making it suitable for preservation of fresh products.
Truck Cabin
Ac System
Featuring next
generation technologies, Subros Limited provides a complete range of Truck
Cabin AC Systems, while reducing noise, emissions and fuel consumption. It is
validated by OEMs and can be customized for varied applications.
Key Clients :
Tata Motors Ltd, Mahindra & Mahindra and Ashok Leyland Nissan
Off roader
Ac
Subros Ltd is
into designing, manufacturing and supply of Off-Roader AC systems providing
heating, ventilation and cooling solutions in case of construction and agricultural
machinery such as Tractors, etc.
Subros is also working on development of full engine cooling module systems for
Off-Highway segment.
Subros Limited Financials - Revenue & Net Profit:
1.
Robust Automotive Industry: The steady growth of India's automotive
industry, driven by rising disposable incomes, urbanization, and favorable
government policies, push the demand for auto ancillary products and services.
2.
Technological Advancements: Auto ancillary manufacturers in India are
increasingly adopting advanced manufacturing technologies and techniques,
including automation, robotics, and digitalization, to enhance productivity,
quality, and efficiency.
3.
Government Initiatives: The Indian government's policies promoting
domestic manufacturing, such as the "Make in India" campaign and
incentives for the automotive sector, provide a favorable environment for the
growth of the auto ancillary market.
Challenges for the Company :
1.
Global Competition: The auto ancillary market faces intense competition
from international players, particularly in terms of cost competitiveness,
quality standards, and technological advancements.
2.
Supply Chain Disruptions: The industry is susceptible to supply chain
disruptions caused by factors like raw material availability, logistics
challenges, and global economic uncertainties.
3.
Skill Development: The shortage of skilled labor and the need for
continuous upskilling pose challenges for the sector's growth and
competitiveness.
Future Prospects - Subros Limited
The future of India's auto ancillary market seems promising due to several factors:
1.
Electric Vehicle (EV) Revolution: The growing adoption of electric
vehicles presents new opportunities for auto ancillary manufacturers to produce
specialized components and systems required for EVs.
2.
Localization and Atmanirbhar Bharat: The government's emphasis on
localization and self-reliant in manufacturing creates avenues for domestic
auto ancillary players to strengthen their presence and reduce dependence on
imports.
3.
Aftermarket Demand: The expanding vehicle parc and increasing vehicle age
provide a significant aftermarket demand for auto ancillary products, including
maintenance, repairs, and customization.
4.
Technological Innovations: Embracing emerging technologies like
artificial intelligence, IoT, and advanced materials can drive innovation,
product development, and efficiency gains in the auto ancillary market.
Focus of Subros Limited:
At present, the company is is focusing on developing and launching EV and Hybrid vehicle products.so overall seems a great growth road for Subros Limited in the coming future.
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