Sterling Tools’ subsidiary--Sterling Gtake E-mobility (SGEM) has secured an order worth Rs 60 crore for MCUs from a leading 2W EV OEM. Rising EV adoption has created an immediate requirement to embrace the next-generation needs of the auto industry, with green technologies and e-mobility ecosystems promising to infuse sustainability and performance in the vehicles of tomorrow. SGEM has been consistently focusing on identifying partners and driving technology transfer and localization to provide customers with application support and technology adapted to Indian requirements.
SGEM's product portfolio covers the entire spectrum of applications from 1 KW to 200 KW and 48V to 700V. With the contracted business commencing from next month, SGEM aims to emerge as the largest domestic supplier of MCUs by the end of 2021. The company is in advanced stages of discussions with more than 20 automobile (EV) OEMs for their MCU requirements for different vehicle segments, including two-wheelers, three-wheelers, passenger vehicles and commercial vehicles and expect to see an exponential growth in the demand for this product in the future.
Sterling Tools is engaged in manufacturing and marketing of high tensile cold forged fasteners.
| Company Name | CMP |
|---|---|
| Sundram Fasteners | 828.90 |
| Sterling Tools | 242.80 |
| Lakshmi Prec. Screws | 5.50 |
| Simmonds Marshall | 163.20 |
| Agarwal Bolts | |
| View more.. | |
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