Sterling Tools and Yongin Electronics team up for EV

23 Apr 2024 CW Team

It was noted that the stock of Sterling Tools had seen an increase of 11.32 per cent in the past month, surpassing the S&P BSE SmallCap index, which had risen by 9.22 per cent during the same period. The surge in Sterling Tools shares was attributed to the signing of a memorandum of understanding (MoU) with South Korea-based Yongin, a major supplier of components to the Hyundai Kia Motor Group, through its subsidiary. Yongin specialises in manufacturing electronic components such as transformers, AC/DC reactor, coil & choke, EMI filter board, and high current DC connector, among others.

According to the company, Sterling Tools aims to achieve a revenue of Rs 2.5 billion by the financial year 2030 through this deal. Additionally, the MoU is expected to enhance Sterling Tool?s capability to offer solutions for the EV & Hybrid space, as well as other automotive applications, by incorporating the latest technology from Yongin. Established in 1979, Sterling Tools manufactures high tensile and cold forged hi-tensile fasteners catering to various segments including passenger cars, two-wheelers, commercial vehicles, agri-equipment, and construction equipment.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..