India, Sept. 15 -- Sterling Tools, a manufacturer of automotive components in India through its Subsidiary, Sterling Gtake E-Mobility (SGEM), ventures into EV On-Board Chargers and DC/DC converters for electric vehicles. SGEM has entered into Technology License and Supply agreements with Landworld Technology, China, to locally produce On-board Chargers, DC/DC convertors and Multi-Function Units (incorporating On-Board Chargers, DC/DC converters as well as Power Distribution Units). These products are essential for the electrification of Passenger and Commercial Vehicles.

These units will be manufactured by the company at its EV campus in Faridabad. The collaboration is anticipated to generate around Rs. 450 crores in revenue by FY'30 in ...