Schedule a Call Back
Sterling Tools partners with GLVAC to boost EV component manufacturing in India
Industry News- Nov 07,24
With an expected business impact of Rs 2.5 milllion by FY30, the venture involves an investment of around Rs 400 milllion to establish a new production facility in Bengaluru.
Sterling Tools Limited, through its subsidiary Sterling Tech-Mobility Limited, has joined forces with China-based Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to enhance the manufacturing of High Voltage Direct Current (HVDC) contactors and relays in India. This collaboration aims to capitalise on the expanding electric and hybrid vehicle markets in the country, supporting India’s Make in India initiative by strengthening the local EV supply chain and reducing reliance on imports.
The partnership combines Sterling Tools' manufacturing capabilities with GLVAC YT's technological expertise to meet the rising demand for EV components. With an expected business impact of Rs 2.5 milllion by FY30, the venture involves an investment of around Rs 400 milllion to establish a new production facility in Bengaluru.
Sterling Tools' CEO highlighted the critical role of HVDC contactors and relays in managing high-voltage electricity in electric and hybrid vehicles, ensuring operational efficiency and safety. These components control the flow of electricity between the battery, motor controller or inverter, and other power systems, guarding against electrical faults and hazards. By producing advanced HVDC contactors and relays domestically, Sterling Tools aims to make these vital components more affordable and accessible for Original Equipment Manufacturers (OEMs) and Tier-1 suppliers in India, further advancing EV safety standards in alignment with the government’s Make in India goals.
(ET)
Related Stories
Other Industrial Products
For Sugatsune, India is a canvas of possibilities: Anil Rana
In this interview with Rakesh Rao, Anil Rana, MD, Sugatsune India, explains how the company wants to become a trusted partner for Indian industries by deepening collaborations and expanding local ca..
Read moreOther Industrial Products
GTW aims to become a global player in customised cutting tools: Tosher Hormusjee
In this interview, Tosher G Hormusjee, Managing Director, GUSTI Tool Works LLP, explains plans to expand capacity, diversify tooling solutions and strengthen exports.
Read moreAuto & Auto Components
Maruti Suzuki to Invest $8 Billion in India; PM Modi Hails 'Big Leap'
Prime Minister Narendra Modi inaugurated the green mobility initiatives at Suzuki Motor’s Hansalpur plant in Ahmedabad. He also announced the commencement of Hybrid Battery Electrode manufacturing..
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
