Sterling Tools Limited, India’s second-largest automotive fastener manufacturer, has entered into a strategic partnership with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to localize the production of advanced High Voltage Direct Current (HVDC) contactors and relays in India. Through its subsidiary, Sterling Tech-Mobility Limited, the company will invest approximately ₹40 crore to set up a manufacturing facility in Bengaluru.
This partnership is anticipated to generate ₹250 crore in revenue by FY30 and significantly contribute to India’s growing electric vehicle (EV) and hybrid electric vehicle (HEV) markets. HVDC contactors and relays, essential for controlling high-voltage electricity flow in EVs and HEVs, play a crucial role in ensuring safe switching, efficient operation, and protection against electrical faults, which helps prevent hazards such as fires or explosions.
Aligned with the Make in India and Atmanirbhar Bharat initiatives, this collaboration aims to reduce reliance on imports and foster a self-reliant ecosystem for Indian OEMs and Tier-I companies in the EV and HEV sectors. The partnership underscores Sterling Tools’ commitment to advancing safety and technological innovation in the Indian automotive landscape.
Anish Agarwal, Director of Sterling Tools, highlighted the importance of enhancing safety measures in EVs and HEVs, stating, “As the electric and hybrid vehicle markets expand, it’s vital to integrate the highest safety standards through advanced technological systems. This partnership allows us to contribute meaningfully to the Make in India initiative, making advanced HVDC contactors and relays more accessible and affordable for OEMs and Tier-I companies.”
This initiative is set to strengthen India’s EV supply chain and support the country’s transition towards sustainable mobility solutions.
