The partnership seeks to capitalise on the expanding electric and hybrid vehicle markets in India while supporting the government's Make in India initiative. 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.”
An initiative with Make in India project
The partnership seeks to capitalise on the expanding electric and hybrid vehicle markets in India while supporting the government's Make in India initiative. This move is set to bolster India's EV supply chain and reduce reliance on imports. Sterling Tools plans to manufacture advanced HVDC contactors and relays at its new Bengaluru facility, making these components more accessible and affordable for Original Equipment Manufacturers (OEMs) and Tier-1 companies.
HVDC contactors and relays are crucial for managing high-voltage electricity flow in electric and hybrid vehicles, ensuring efficient operation and safety. These components control the flow of electricity between the battery, motor controller or inverter, and other power electronic systems, protecting against electrical faults and hazards.
Li Qinghua, General Manager from GLVAC YT, said, \"India is an important market for us, and through our association with Sterling Tools Limited, we are poised to strengthen the EV and HEV sectors in India. As a key player in EV components, we recognise India's immense potential in the electric vehicle market. This partnership combines our technological expertise with Sterling's manufacturing excellence to deliver high-quality, critical EV components to the Indian market. We see this partnership as a significant step toward supporting the country’s electric mobility journey. Together, we aim to drive meaningful advancements in EV components landscape, contributing to a more sustainable future.”
