Subros has entered into a Memorandum of Understanding (MoU) with Zamil Air Conditioners India (ZAMIL) to acquire ZAMIL’s certain assets relating to manufacture of Home Air conditioning systems.
Through this initiative, Subros will create capacity of 500,000 units per year and also expand its supply of Home Air Conditioning units to various OEM’s. The transaction is subject to customary closing events and is expected to be completed during April, 2019.
Subros is a leading manufacturer of automotive air conditioning systems and thermal products for automotive applications in India. The company has also been supplying cab mounted HVAC Units to Indian Railways for Driver Cabin application.
