Sterling Gtake E-Mobility Ltd (SGEM), a subsidiary of Sterling Tools, has entered into a strategic partnership with China’s Landworld Technology. 

The collaboration is focused on the domestic production of key EV power electronics, including on-board chargers, DC/DC converters, and multi-function units. 

This initiative is a significant step towards strengthening India’s industrial supply chain and reducing reliance on imports in the rapidly growing EV market.

Under the technology license and supply agreement, SGEM will manufacture these components at its EV campus in Faridabad. The partnership has an ambitious business target, with an expected revenue of around Rs 450 crore by FY2030. 

The market for these products, which are crucial for the electrification of both passenger and commercial vehicles, is projected to reach Rs 3,000 crore in the same period.