Partnership27 Apr 2026, 01:07 pm
Sterling Tools Signs Technical Collaboration & Supply Agreement
AI Summary
Sterling Tools Ltd has signed a Technical Collaboration Agreement and Supply Agreement with Nanjing Haohang Technology Co., Ltd., China on April 27, 2026. The agreement aims to localize engineering, system adaptation, manufacturing, and sales of advanced rider assistance systems (ARAS) tailored for the Indian two-wheeler market. This collaboration is intended to enhance the availability of ARAS technology in India.
Key Highlights
- Sterling Tools partners with Nanjing Haohang for ARAS technology.
- Agreement focuses on localizing ARAS for Indian two-wheelers.
- Collaboration includes engineering, manufacturing, and sales.
- Nanjing Haohang's turnover is approximately USD 40 million.