“Varroc will manufacture Delta-Q's chargers in India to support the expansion of the electric two- and three-wheel vehicle market,” the company said in a statement.

Based in Canada, Delta-Q 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, and Asia.

Arjun Jain, whole-time director and the president - electrical business unit at Varroc, said: “Post the implementation of BS-VI, the transition to EV is the most significant opportunity in the automotive electronics industry. With this partnership with Delta-Q, we aim to enhance our electric vehicle (EV) component portfolio. Our combined capabilities will create business synergies and strengthen our foothold to achieve our aspiration of becoming the leading EV component supplier in the country.”

Varroc Engineering is an auto component manufacturer. The group designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger cars, commercial vehicles, two-wheelers, three-wheelers, and off-highway vehicle OEMs directly worldwide.

The company reported consolidated net loss of Rs 136.96 crore in Q3 FY21 compared with net profit of Rs 29.33 crore in Q3 FY20. Net sales during the quarter jumped 24.6% YoY to Rs 3492.66 crore.