Joint Venture15 Sept 2025, 12:36 pm
Sterling Tools Ltd's Subsidiary Sterling Gtake Partners with China's Landworld for Local Manufacturing of EV On-Board Chargers and DC/DC Converters in India
AI Summary
Sterling Tools Limited, through its subsidiary Sterling Gtake E-Mobility Limited (SGEM), has signed Technology License and Supply agreements with Landworld Technology Co. Ltd., China. The partnership aims to generate around 450 crores in business by FY’30 in a market segment projected to reach 3,000 crore. The local manufacturing will drive import substitution, aligning with the Atmanirbhar Bharat vision and supporting the Make in India initiative. The partnership is expected to strengthen the supply chain for EV components and support India’s localization and Self Reliance goals.
Key Highlights
- Sterling Gtake partners with China's Landworld for local manufacturing of EV On-Board Chargers and DC/DC Converters in India
- The partnership aims to generate around 450 crores in revenue by FY30
- The partnership will strengthen the Supply Chain for EV Components and support India’s localization and Self Reliance goals
- Sterling Gtake will manufacture these units at its EV campus in Faridabad
- The partnership will drive import substitution, aligning with the Atmanirbhar Bharat vision and supporting the Make in India initiative