Sterling Tools Limited has informed the Exchange about Technical Collaboration Agreement and Supply Agreement with Nanjing Haohang Technology Co. Ltd., China

Marquee Jv AnnouncedStrategic Transactions View source PDF

STERTOOLS · price

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AI summary

Sterling Tools Limited has signed a Technical Collaboration Agreement and Supply Agreement with Nanjing Haohang Technology Co., Ltd., China on 27th April 2026. The partnership aims to localize engineering, system adaptation, manufacturing, and sales of Advanced Rider Assistance System (ARAS) suited for the Indian two-wheeler market. Nanjing Haohang Technology Co., Ltd. has a turnover of around USD 40 million. Sterling Tools will handle the localization and manufacturing aspects in India for this advanced safety technology designed for two-wheelers.

Likely market impact

This strategic partnership positions Sterling Tools to enter the advanced rider assistance system market for two-wheelers in India, potentially opening a new revenue stream and expanding the company's product portfolio beyond fasteners.