{"id":115351,"date":"2023-12-11T17:35:00","date_gmt":"2023-12-11T12:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115351"},"modified":"2023-12-11T17:28:50","modified_gmt":"2023-12-11T11:58:50","slug":"auto-stock-jumps-13-after-the-govt-mandates-air-conditioning-in-n2n3-category-vehicles","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-jumps-13-after-the-govt-mandates-air-conditioning-in-n2n3-category-vehicles\/","title":{"rendered":"Auto stock jumps 13% after the Govt mandates Air conditioning in N2&#038;N3 category vehicles\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1581677737\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Auto Ancillary Stock which is India\u2019s leading manufacturer of thermal products for automotive applications in India jumped 13 percent after it bags an order worth Rs. 25 Crores and the Ministry of Road Transport and Highways mandates air conditioning systems for N2 and N3 category vehicles.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1511434449\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:32 a.m the shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/SUBROS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Subros Limited<\/strong><\/a> were trading at Rs. 496.15, up 10.17 percent from its previous day\u2019s close price of Rs. 450.35 and its market capitalization is Rs. 3,235 Crores.\u00a0<\/p><p>Subros Limited has bagged a new order from Indian Railways for the supply and commissioning of Coach Roof Mounted Air &#8211; Conditioners for a consideration of Rs. 25 Crores. It is also a supplier of Rail Driven Cabin Air Conditioning systems to Indian railways and its focus on Coach Air-conditioners is in line with its strategic direction to expand the company\u2019s business in the Railway Electric Mobility segment.&nbsp;<\/p><p>It has a market share of 42 percent in passenger car AC and a 51 percent market share in Truck Aircon\/Blower. Some of its key customers include Maruti Suzuki, Denso, Force Motors, Tata, Mahindra, SML Isuzu, Ashok Leyland, and many more.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3716826759\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ministry of Road Transport and Highways, Government of India vide notification dated 8th December 2023 has amended the central motor vehicles rules, 1989, mandating that the vehicles manufactured on or after 1st October 2025 shall be fitted with an air-conditioning&nbsp;<\/p><p>system for cabins of N2 category ( 3.5 tonnes and above but less than 7.5 tonnes Gross vehicle weight) and N3 category ( 7.5 tonnes and above gross vehicle weight).&nbsp;<\/p><p>The new rule may have incremental business opportunities for the vehicle air conditioning components manufacturing industries.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 25.36 percent from Rs. 2,238.64 Crores in FY22 to Rs. 2,806.28 Crores in FY23, accompanied by increasing profits of Rs. 32.49 Crores to Rs. 47.92 Crores.&nbsp;<\/p><p>Subros Limited was formed as a joint venture between the Suri family of India, Denso Corporation, and Suzuki Motor Corporation, Japan. It is the leading manufacturer of thermal products for automotive applications in India, it is the only integrated manufacturer of auto air conditioning systems and thermal products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2346552779\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2430250122\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Auto Ancillary Stock which is India\u2019s leading manufacturer of thermal products for automotive applications in India jumped 13 percent after it bags an order worth Rs. 25 Crores and the Ministry of Road Transport and Highways mandates air conditioning systems for N2 and N3 category vehicles.&nbsp; At 2:32 a.m the shares of Subros Limited were [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[10146,6947,7724,4049,2917,5424,5646],"class_list":["post-115351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-auto-ancillaries-stocks","tag-auto-stock","tag-auto-stock-news","tag-auto-stock-to-watch","tag-auto-stocks","tag-auto-stocks-2023","tag-large-cap-auto-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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