Subres
SLIBSE/15 8th December, 2015
The General Manager
BSE Ltd.,
Department of Corporate Services
The Stock Exchange Mumbai
41* Floor, Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai ~ 400 001. Fax No.022-22723121/2061/2041
Sub: Subros Celebrating 30 years in partnership
Dear Sir/Madam,
This is with reference to the Regulation - 51 of the SEBI Regulations 2018 and
others of the Listing Agreement, please find enclosed the under mentioned update :
Subros Limited (a leading manufacturer of auto thermal systems in India) completed
30 years of partnership with Joint Venture partners Suzuki Motor Corporation, Japan
and Denso Corporation, Japan.
To mark the milestone, Subros hosted a dinner at The Lalit Hotel, New Delhi on
November 24, 2015.
The evening was graced by the presence of Mr. O. Suzuki, Chairman & CEO of
Suzuki Motor Corporation Japan, Mr. R.C. Bhargava, Chairman Maruti Suzuki India
limited and Mr. Y. Makino, Senior Executive Director of Denso Corporation, Japan
and other senior dignitaries from Suzuki and Denso.
The gathering also included top officials of Maruti Suzuki, Denso subsidiaries in
India, Tata Motors, Mahindra & Mahindra, and other select members from the auto-
component industry. There were also dignitary representatives from the government,
Administration and Banking present at the occasion
Mr. Suzuki in his address congratulated the partnership. This partnership was
established 30 years ago with a manufacturing capacity of 15000 units per annum,
which is now at 1.5 million units/annum in line with the growth of the customer. Thig
was reinforced by Mr. Bhargava who stated that the collaboration was visionary as it
was established at a time when auto aircon systems were considered a luxury in
India. On a lighter note Mr. Bhargava said that this partnership was one of only two
ventures signed by Mr. O Suzuki, the other being the Maruti one and both have
turned out to be extremely successful.
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Subros have grown in manufacturing capability and technology development over
the years, He also spoke about future technology support and joint working both in
design and product manufacturing,
On November 25, 2015, Mr. O, Suzuki, Chairman & CEO of Suzuki Motor
Corporation, Japan, Mr. Makino, SED Denso Corporation Japan along with a senior
delegation from Suzuki Motor Corporation and Maruti Suzuki, visited the Subros
plants in Noida, They expressed their confidence in Subros and its capability to
continuously deliver quality products at the right price. Suzuki san asked Subros to
keep enhancing its capacities in line with the customer who in turn is planning to
move to 3 million in 2 years.
Both Mr. Suzuki and Mr. Makino assured support to Subros continuously.
Thanking you,
Yours faithfully,
For SUBROS LIMITED
niw Manvel
Hemant K. Agarwal
Dy. Company Secretary