Sterling Tools ties up with Chinese company to make components for EVs in India

The agreement calls for the companies to manufacture motor control units domestically to cater to the Indian automotive market as well as to develop local design engineering, application support and after-sales service capabilities.
By : ANI
| Updated on: 25 Dec 2019, 12:28 PM
File photo for representational purpose (Bloomberg)
File photo for representational purpose (Bloomberg)
File photo for representational purpose (Bloomberg)
File photo for representational purpose

Auto component manufacturer Sterling Tools Ltd (STL) and Jiangsu Gtake Electric have formed a joint venture to design, manufacture and supply motor control units in India, especially for electric vehicles.

Gtake is a technology leader in motor control units for electric and hybrid vehicles and has a dominant market share in China. Its customers include Kinglong, Yutong, Dongfeng and Zhongtong.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Honda City Hybrid (HT Auto photo)
Honda City Hybrid
1498 cc | Hybrid (Electric + Petrol) | Automatic (EV/Hybrid) | 26.5 kmpl
₹19.5 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price

The joint venture company will be a subsidiary of Sterling Tools Ltd and start production by the first quarter of the next financial year 2020-21.

The agreement calls for the companies to manufacture motor control units domestically to cater to the Indian automotive market as well as to develop local design engineering, application support and after-sales service capabilities.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

"Gtake is one of the leading players in electric vehicle space in China and the joint venture is an important first step in STL's journey to becoming a major electric vehicle component company," said STL Managing Director Anil Aggarwal.

Gtake's Chief Executive Officer Yichen Fang said: "India is a large and growing market which we believe is of strategic importance. We are glad to partner with one of the reputed Indian auto component companies and look forward to a successful partnership."

First Published Date: 25 Dec 2019, 12:28 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city