Subros has commenced commercial operations at its new greenfield manufacturing facility in Kharkhoda, Haryana, the company announced on Wednesday. The plant adds an annual manufacturing capacity of 4.5 lakh units for air-conditioning systems, heating, ventilation, and air conditioning (HVAC) units, and hose and tubes.
The company said it invested approximately Rs 150 crore in setting up the new manufacturing plant, funding the expansion through a combination of internal accruals and debt. Subros stated that the facility was established to cater to increased customer demand near client manufacturing locations.
Subros stated that the plant marks a step to "meet the customers demand near to their locations" and "reinforces the Company's readiness to meet evolving market demand of mobility". The company added that the expansion is expected to support "growing demand resulting revenue growth in the coming years".