The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.
Weekly Digest
New new contracts, summarized for you
Straight to Inbox
No login, no app to check — it comes to you
Contract Trends
See who's moving and how much in your market
No credit card required Weekly contract digest
Sterling Tools partners with China’s GLVAC to manufacture high voltage components for Electric Vehicles in India
Nov 06, 2024•over 1 year ago
Contract Type
partnership
BengaluruManufacturingAutomotive
Description
Sterling Tools Limited has announced a partnership with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT), a subsidiary of China's Kunshan GuoLi Electronic Technology Co., Ltd. (GLVAC), to localise the production of advanced High Voltage Direct Current (HVDC) contactors and relays in India. The partnership aims to support India’s Atmanirbhar Bharat and Make in India initiatives by establishing a new manufacturing facility in Bengaluru and offering access to advanced technology for electric and hybrid vehicle sectors.
Company Information
Company
Sterling Tools Limited
Location
Bengaluru, Karnataka, India
About
Sterling Tools Limited is India’s second-largest automotive fastener manufacturer, and through its subsidiary Sterling Tech-Mobility Limited, it aims to localise the production of advanced high voltage components for electric and hybrid vehicles in India.
Predictive Intelligence
Strategic
ML-powered predictions for Sterling Tools Limited's next move
BengaluruManufacturingAutomotive