In a dynamic move that promises to drive forward India’s electric vehicle (EV) industry, Sterling Tools, through its wholly owned subsidiary Sterling Tech-Mobility, has forged a strategic partnership with GLVAC Yuantong New Energy Technology Co. (GLVAC YT), a Chinese leader in EV component manufacturing. This agreement marks a significant step forward in the EV sector by establishing local manufacturing of important high-voltage direct current (HVDC) contactors and relays, which are essential components in electric and hybrid vehicles. The new facility will be located in Bengaluru, India, and is set to be a game-changer for both the local EV industry and the country’s vision of self-reliance in advanced technology.
Sterling Tech-Mobility and GLVAC YT’s collaboration is founded on a shared vision: to bolster India’s domestic EV market by creating a robust supply chain that reduces dependency on imported components. This approach is completely consistent with the Indian government's "Atmanirbhar Bharat" and "Make in India" policies, which seek to increase the country's self-sufficiency and ability to produce vital components locally.
The investment in the Bengaluru facility stands at approximately Rs. 40 crore and is expected to generate Rs. 250 crore in business by the fiscal year 2030. This project highlights Sterling Tech-Mobility’s commitment to driving import substitution, creating a local manufacturing base for HVDC components, and empowering Original Equipment Manufacturers (OEMs) and Tier-1 suppliers with easier access to high-end technologies.
HVDC contactors and relays are crucial components of EVs and hybrid electric vehicles (HEVs). These components control the high-voltage electrical flow between important systems such the battery, motor controller, and inverter. HVDC contactors control this flow to ensure safe and efficient operation, lowering the danger of electrical problems. In situations involving accidents or short circuits, these components play a key role in preventing potential hazards, such as fires and explosions.
According to Anish Agarwal, Director at Sterling Tools Limited, “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 advanced technological systems. 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.” This sentiment reflects the mission to enhance both safety and affordability in the Indian EV sector, making high-quality components accessible to domestic players.
India’s EV and HEV sectors are on a rapid growth trajectory, and this strategic move by Sterling Tech-Mobility is timely. The Bengaluru facility’s production capabilities will empower Indian manufacturers, enabling them to incorporate advanced HVDC technology without relying on imports. The localization of these components not only supports the country’s industrial growth but also accelerates innovation and product development within India’s borders.
Li Qinghua, General Manager at GLVAC YT, emphasized the strategic importance of the Indian market for the company: “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.” With expertise in advanced HVDC technology and a growing footprint in India, GLVAC YT is positioned to play a crucial role in elevating India’s capabilities in the global EV landscape.
The partnership between Sterling Tech-Mobility and GLVAC YT signifies more than just an expansion of domestic manufacturing—it represents a shift in India’s approach to high-tech industries. By setting up this facility, both companies are paving the way for a sustainable and independent future for India’s EV and HEV sectors. Their combined efforts are geared toward fostering a self-reliant ecosystem where innovation, safety, and affordability coexist.
This strategic investment in the domestic production of HVDC components will enable Indian companies to innovate with confidence, using locally available, high-quality components designed with cutting-edge technology. As demand for EVs and HEVs in India continues to climb, this partnership will not only help meet domestic needs but also position India as a significant player in the global EV components market.
