Sterling Tools and Jiangsu GTAKE Electric Company (GIAKE), a technology leader in Motor Control Units (MCUs) for Electric & Hybrid Vehicles have formed a Joint Venture (JV) to design, manufacture and supply MCUs in India. The JV Company will be a subsidiary of Sterling Tools and will commence production by Q1 FY21.
The two companies have agreed to join hands to provide the Indian Electric Vehicle OEM's with best in class MCUs. The agreement calls for the companies to manufacture MCU's domestically to cater to the Indian automotive market as well as to develop local design engineering, application support and after sales service capabilities as per the requirements of the Indian industry.
Sterling Tools is engaged in the manufacturing and marketing of high tensile cold forged fasteners.
Company Name | CMP |
---|---|
Sundram Fasteners | 1206.00 |
Sterling Tools | 371.00 |
Lakshmi Prec. Screws | 4.77 |
Simmonds Marshall | 80.35 |
Globe Exim | |
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