Sterling Tools Partners with Landworld: Sterling Tools Limited (STL), a leading manufacturer of high-tensile automotive fasteners, has announced a strategic partnership between its subsidiary, Sterling Gtake E-Mobility Limited (SGEM), and Landworld Technology Co., Ltd., China, to manufacture EV On-board Chargers (OBCs) and DC/DC converters in India. This collaboration represents a significant step in expanding India’s electric vehicle (EV) ecosystem and aims to generate ₹450 crore in revenue by FY30.
The partnership will focus on technology licensing and supply agreements, enabling SGEM to locally produce critical EV components such as On-board Chargers, DC/DC converters, and Multi-Function Units (MFUs). These components are fundamental for the electrification of both passenger and commercial vehicles. Manufacturing will take place at Sterling Tools’ state-of-the-art EV campus in Faridabad, reinforcing India’s industrial supply chain and reducing dependence on imports, in alignment with the government’s “Make in India” initiative.
Expanding the EV Ecosystem
Anil Aggarwal, Chairman of Sterling Tools Limited, emphasized that this collaboration will enhance India’s EV ecosystem by extending the company’s offerings beyond motor control units and powertrain platforms. He highlighted the growing demand for advanced EV technology and the role of this partnership in positioning Sterling as a leading supplier of EV components in the country.
Lin Chen, Vice General Manager of Landworld Technology Co., Ltd., China, noted the enormous potential of India’s EV market. He explained that the partnership allows Landworld to bring its expertise in On-Board Chargers and DC/DC converters to Indian customers, helping accelerate the adoption of electric mobility solutions.
Strategic Benefits and Component Focus
The collaboration will allow Sterling Gtake to expand local manufacturing of EV components and solutions, including:
- On-board Chargers (OBCs): Essential for converting AC power from charging stations into DC power for the vehicle battery.
- DC/DC Converters: Critical for managing voltage conversion between high-voltage batteries and low-voltage vehicle systems.
- Multi-Function Units (MFUs): Integrates multiple power electronics functions to enhance efficiency and reduce space requirements.
By producing these components locally, Sterling Gtake aims to strengthen India’s EV supply chain, reduce imports, and contribute to the country’s push for self-reliance in EV technology.
Broader EV Strategy
This partnership aligns with Sterling Tools’ broader strategy to become a major supplier of EV components in India. The company has already formed multiple international collaborations, including:
- Advanced Electric Machines (UK): Manufacturing rare-earth magnet-free traction motors.
- Yongin Electronics (South Korea): Supply of passive EV components.
- GLVAC (China): Production of high-voltage DC contactors and relays.
Through these initiatives, Sterling Tools is steadily diversifying its EV portfolio while enhancing its technological capabilities. With the new partnership with Landworld, Sterling Gtake is set to play a key role in India’s EV revolution, meeting the growing domestic demand for advanced powertrains and electronic solutions.
In conclusion, the collaboration between Sterling Tools and Landworld Technology marks a strategic milestone for India’s EV industry. By combining Landworld’s expertise with Sterling’s manufacturing capabilities, the partnership not only targets substantial revenue growth but also strengthens India’s position in the global EV supply chain.
Related Articles:-
