Sterling Tools Limited has informed the Exchange regarding a press release dated September 15, 2025, titled "Press Release- Sterling Gtake partners with China's Landworld for local manufacturing of EV On-Board Chargers and DC/DC Converters in India".
STERTOOLS · price
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Awaiting price reaction for this filing.
Sterling Tools Limited's subsidiary Sterling Gtake has entered a partnership with Chinese firm Landworld to manufacture EV On-Board Chargers and DC/DC Converters locally in India. The collaboration aims to tap into India's growing electric vehicle market by producing key EV powertrain components domestically. This marks a strategic expansion of Sterling Tools into the EV component space beyond its traditional fastener business. The press release was shared with the exchange on September 15, 2025, though specific financial terms, investment size, or production timelines were not disclosed in the filing.
Positive for long-term growth as the partnership positions the company to benefit from India's EV expansion, but near-term stock impact may be limited until commercial production begins and revenue contribution becomes visible. Shareholders should watch for further updates on capacity, timelines, and customer wins.