📈 Sterling Tools Gains 4.65% on EV Tech Deal with Landworld
Sterling Tools Limited shares increased by 4.65% on September 15, 2025, following an electric vehicle technology deal with Landworld. This partnership is expected to enhance Sterling's position in the rapidly growing EV sector.
📊 Partnership Highlights
- SGEM inked technology license and supply contracts with Landworld to manufacture EV On-board Chargers, DC/DC Converters, and Multi-Function Units in India.
- Production will be done at Sterling’s EV facility in Faridabad.
- The partnership is anticipated to bring in ₹450 crore revenue by FY30 in a market that is expected to grow to ₹3,000 crore.
- The initiative aids import substitution, aligning with Atmanirbhar Bharat and Make in India policies.
🏭 Visual Insight
💬 Management Commentary
Anil Aggarwal, Chairman of Sterling Tools Limited, commented: “This alliance adds more depth to the EV ecosystem in India. We are going beyond Motor Control Units and Power Train platforms to address the increasing demand for sophisticated EV technologies. With multifunction units encompassing chargers, converters, and PDUs, we plan to provide customers with wider options while bolstering India’s EV ecosystem.”
