A Chinese and an Indian firm are collaborating to establish a Rs 40 crore factory in Bengaluru to produce components for electric vehicles. These parts will be crucial for safety. The partnership aims to bolster the electric vehicle sector in India.
Sterling Tech-Mobility Ltd announced on Monday that it is establishing a manufacturing plant in Bengaluru in partnership with Chinese company Kunshan GLVAC Yuantong New Energy Technology. The facility, valued at Rs 40 crore, will focus on producing advanced high-voltage DC contactors and relays for electric and hybrid vehicles. This collaboration aims to localise the production of these automotive parts and is projected to generate Rs 250 crore in revenue by the fiscal year 2030. Sterling Tech-Mobility Limited, a subsidiary of Sterling Tools, will introduce niche technology to the Indian market for manufacturing and assembling these components.
The initiative is set to enhance the capabilities of Indian Original Equipment Manufacturers (OEMs), tier-I companies, and other suppliers by providing access to cutting-edge technology domestically, thus promoting self-reliance in the electric and hybrid vehicle sectors. Anish Agarwal, Director at Sterling Tools, emphasized the importance of integrating advanced safety technologies in the growing markets of electric and hybrid vehicles. He stated that the new facility would focus on making these essential components more affordable and accessible.
HVDC contactors and relays are vital for managing high-voltage electricity flows in electric and hybrid vehicles, ensuring safe operation and protection against electrical faults. They are critical in preventing potential hazards such as fires or explosions in cases of accidents or short circuits. Li Qinghua, General Manager at GLVAC YT, highlighted the strategic importance of the Indian market and expressed confidence that the partnership would strengthen India’s electric and hybrid vehicle industries.
