
Sterling Tools’ strategy to diversify into EV parts pays off, looks to supply to e-CV OEMs
Diversifying into manufacture of motor control units for electric two- and three-wheeler OEMs in India has paid dividends to the Tier 1 fastener supplier. While it is ramping up capacity to 600,000 units by end-FY2024, it also aims to supply e-powertrain components to electric LCV manufacturers.