Sterling Gtake partners with Landworld for EV component manufacturing in India

Sterling Gtake E-Mobility Limited (SGEM), a subsidiary of Sterling Tools Limited, announced a partnership with Landworld Technology Co. Ltd. for the local manufacturing of EV On-board Chargers, DC/DC converters, and Multi-Function Units. These products, essential for the electrification of passenger and commercial vehicles, will be produced at SGEM's EV campus in Faridabad.

This collaboration is projected to generate INR450 crore in revenue by FY30 within a market segment expected to reach INR3,000 crore. The initiative aims to drive import substitution, align with the Atmanirbhar Bharat vision, and support the Make in India initiative by empowering Indian companies with access to advanced technology.

The partnership expands SGEM's offerings beyond Motor Control Units and Power Train platforms, enhancing its capability to meet the growing demand for advanced EV technology and supporting the adoption of EVs in India.