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Sterling Tools Expands into EV Chargers with Rs 4.5 Billion Plan

2025-09-17

Sterling Tools Limited, one of India’s leading automotive component manufacturers and the market leader in Motor Control Units, has entered the electric vehicle (EV) segment through its subsidiary, Sterling Gtake E-Mobility Limited (SGEM). The company will now manufacture EV On-board Chargers and DC/DC converters for electric vehicles.

SGEM has signed Technology License and Supply agreements with Landworld Technology Co. Ltd., China, to locally produce On-board Chargers, DC/DC converters and Multi-Function Units (incorporating On-board Chargers, DC/DC converters and Power Distribution Units). These products are crucial for the electrification of passenger and commercial vehicles.

The company will manufacture these units at its EV campus in Faridabad. The partnership is expected to generate around Rs 4.5 billion in business by FY’30 in a market projected to reach Rs 30 billion.

By producing these components domestically, Sterling Gtake aims to promote import substitution, aligning with the Atmanirbhar Bharat vision and supporting the Make in India initiative. The development will enable Indian companies and other suppliers to access advanced technology locally, building a self-reliant ecosystem for the auto industry.

Commenting on the partnership, Mr Anil Aggarwal, Chairman of Sterling Tools Limited, said, “This partnership creates greater depth in the EV ecosystem in India. We are expanding beyond our initial Motor Control Unit and Power Train platforms to meet our customers’ growing demand for advanced technology in the EV sector. EV sub-systems are being increasingly consolidated into multifunction units and Sterling hopes to offer our customers greater choices for stand-alone and multifunction units to cover multiple vehicle functions. The Sterling Group will continue to extend excellent technical and application support to its customers to help drive greater adoption of EVs in India.”

EV On-board chargers allow vehicles to connect directly to an AC power source and control the voltage and current required to charge the battery pack. DC/DC converters step down the battery pack voltage to a level usable by the vehicle’s auxiliary systems. The diversification into these products aligns with Sterling’s ambition to build EV Power Electronics expertise and offer a comprehensive portfolio to serve the Indian auto industry.

Mr Lin Chen, Vice General Manager of Landworld Technology Co., Ltd., China, said, “India’s EV market offers immense potential for growth and innovation. Through our partnership with Sterling Gtake, we are bringing our proven expertise in On-board Chargers and DC/DC converters to Indian customers across several EV vehicle categories. Together, we aim to create high-quality solutions that cater to India’s EV market while contributing to the country’s self-reliance and sustainability goals.”

Sterling Gtake plans to expand local manufacturing of EV components and solutions, strengthening India’s industrial supply chain and reducing reliance on imports. With the market poised for significant growth, this partnership is well timed to capitalise on emerging opportunities while contributing to a sustainable future.

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