Sterling Gtake collaborates with China's Landworld to produce EV on-board chargers and DC/DC converters locally.

The subsidiary of Sterling Gtake E-Mobility Limited (SGEM), Sterling Tools Limited is all set to enter the electric vehicle on-board charger and DC/DC converter segment. SGEM will be collaborating with Landworld Technology Co. Ltd. China, and has signed the technology license and supply agreements. 

This agreement states that SGEM will be producing on-board chargers, DC/DC converters, followed by multi-function units that seamlessly integrate chargers, converters, and power distribution functions. All of these components will be manufactured at the company’s in-house EV facility in Faridabad. 

As per speculations, this strategic alliance will be generating Rs 450 Crore of expected revenue by FY 2030. The main foundation of this initiative is local manufacturing which will lead to a significant reduction of import dependence in the electric vehicle components industry. The in-house production of these EV power electronics will solidify Sterling GTake’s position in the domestic automotive market. 

The Chairman of Sterling Tools Limited, Anil Agarwal expressed his views on this and said, “This collaboration will create a depth in the EV industry of India. We are expanding beyond the limits of Motor Control Unit & Power Train platforms to cater the growing demand of customers which are inclined more towards advanced technology in the EV sector. 

EV sub-systems will be majorly integrated into multifunction units and Sterling is hoping to offer great choices for customers providing stand-alone and multifunction units to cover the majority of multiple vehicle functionality. The Sterling Group, on the other hand, will continue to provide technical and application support, thus playing as a supporting role for us in order to accelerate EV adoption across the country.” 

The Vice General Manager of Landworld Technology Co. Ltd., Mr Lin Chen also expressed his views and said, “India’s EV market is continually evolving and growing at an incredible rate. Thus our strategic partnership with Sterling Gtake will ensure a superior expertise in On-board chargers and DC/DC converters to Indian consumers catered through different EV categories. 

Together we mark a significant step forward in creating high-quality solutions that cater to the diverse needs of India’s EV market and jointly contributing towards the country's in-house development and sustainability goals.”