Sterling Tools partners with GLVAC to boost EV component manufacturing

Sterling Tools Limited, through its subsidiary Sterling Tech-Mobility Limited, has partnered with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to manufacture High Voltage Direct Current (HVDC) contactors and relays in India. This partnership aims to leverage Sterling Tools' manufacturing expertise and GLVAC YT’s technology to meet the growing demand for EV components in India. The collaboration is expected to generate INR 250 crore in business by FY30 and involves an investment of around INR 40 crore for a new facility in Bengaluru.

"As the electric and hybrid vehicle markets continue to expand, it is important that we integrate the highest safety measures in the electric and hybrid vehicles through advance technological systems. At Sterling Tools, we recognise these concerns and are dedicated to enhancing safety in the EV and HEVS segment. This association highlights our commitment to the safety of high voltage battery & power electronic systems and contribute to the Make in India initiative of the Government of India. We will manufacture advanced HVDC Contactors and relays at our new Bengaluru facility, making them more affordable and accessible for OEMs and Tier-1 companies."