Sterling Tech-Mobility Ltd on Monday said it will set up a manufacturing facility in collaboration with Chinese firm Kunshan GLVAC Yuantong New Energy Technology for advance high-voltage DC contactors and relays for electric and hybrid vehicles in Bengaluru at an investment of Rs 40 crore. The collaboration, which is aimed at the domestic production of these auto parts, is expected to generate Rs 250 crore in business by FY30 and Sterling Tools will bring the niche technology to manufacture and assemble HVDC contactors and relays locally at a new facility in Bengaluru, a release said. Sterling Tech-Mobility Limited is a wholly-owned subsidiary of Sterling Tools Partners while GLVACYT is 100 per cent-owned by Kunshan GuoLi Electronic Technology Co Ltd. The development will empower Indian OEMs, tier-I companies, and other suppliers to access advanced technology right at home, building a self-reliant ecosystem for the electric vehicles (EV) and hybrid electric vehicles (HEV) sectors, t

Sterling Tools Ltd. has lost -41.87% in the last 6 Months

Sterling Tools Ltd.

19 Aug 2024

299.15

-4.04%

Sterling Tools zooms 20%, hits new high; rallies 34% in a week on strong Q1

Business Standard

Sterling Tools is the second largest automotive fastener manufacturer in India. Its subsidiary, Sterling Gtake E-Mobility, is the largest Motor Control Unit manufacturer for the EV industry in India.

Sterling Tools Ltd. has lost -32.45% in the last 3 Months

Sterling Tools Ltd.

13 Aug 2024

299.15

-4.04%

to see Rapid results content

Sterling Tools Ltd.

13 May 2024

299.15

-4.04%

to see Rapid results content

Sterling Tools Ltd.

18 Apr 2024

299.15

-4.04%

Sterling Tools Arm Ties Up With South Korea's Yongin To Set Up Facility For EV Components

NDTV Profit

"This strategic agreement, expected to generate Rs 250 crore in business over the next 5 years, marks a crucial step in advancing the production of electric vehicle and electronic components within India," the company said in a statement.

Sterling Tools Ltd. is trading below all available SMAs

Sterling Tools gains 11% after signing pact with South Korea's Yongin Electronics

Moneycontrol | 18 Apr 2024 1 more

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