Sterling Gtake Partners with China Firm for EV Tech

Sterling Tools, through its subsidiary Sterling Gtake E-Mobility (SGEM), has announced its entry into the electric vehicle (EV) segment with On-board Chargers and DC/DC converters.
SGEM has signed a Technology License and Supply agreement with Landworld Technology Co., China, to locally manufacture On-board Chargers, DC/DC converters, and Multi-Function Units. These units combine On-board Chargers, DC/DC converters, and Power Distribution Units (PDUs), and are essential for the electrification of passenger and commercial vehicles. Manufacturing will take place at SGEM’s EV campus in Faridabad.
The partnership is expected to generate around Rs 4.5 billion in revenue by FY30, in a market projected to reach Rs 30 billion. 

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