Sterling Tools and GLVAC partner to manufacture HVDC components for EVs in India

Sterling Tools Limited (BSE: 530759) (NSE: STERTOOLS), an automotive fastener manufacturer in India, has partnered, through its wholly owned subsidiary Sterling Tech-Mobility Limited, with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT), a subsidiary of China’s Kunshan GuoLi Electronic Technology Co., Ltd. (GLVAC), to manufacture High Voltage Direct Current (HVDC) contactors and relays in India. These components are essential for regulating current flow in electric and hybrid vehicles.

This partnership is projected to generate INR 250 crore in revenue by FY30. Sterling Tools, through its subsidiary Sterling Tech-Mobility Limited, will manufacture and assemble HVDC contactors and relays at a new facility in Bengaluru, India, with an investment of about INR 40 crore. The initiative aims to reduce import reliance, aligning with the Indian government’s Atmanirbhar Bharat vision and supporting the Make in India initiative. This facility will provide Indian OEMs, Tier-I suppliers, and other stakeholders with access to locally produced technology, advancing the domestic Electric Vehicles (EV) and Hybrid Electric Vehicles (HEV) ecosystem.

HVDC contactors and relays play a critical role in electric and hybrid vehicles, controlling high-voltage electricity flow among the battery, motor controller, inverter, and other power electronic systems. They enable safe switching and isolation in EV power circuits, contributing to operational efficiency and protection against electrical faults. In the event of a short circuit or accident, they prevent risks such as fire and explosion.

Commenting on this new association, Anish Agarwal, Director from Sterling Tools Limited, said, “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 recognize 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.”

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 recognize 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.”

Also read: Sterling Tools partners with Yongin Electronics for EV component production in India