Sterling Tools Share Price Jumps 9% On EV Tech Deal With Landworld

Sterling Tools share price (NSE: STERTOOLS) gained over 9% on September 15, 2025, touching a new intraday high of ₹361.95 on the NSE. At close, the stock was up 4.65% at ₹346.50, compared to its previous close of ₹331.10.

The company’s market value stood at ₹1,251.98 crore. Its share price is now 34% higher than the 52-week low of ₹270, recorded on April 7 this year.

Entry into EV components

The rally came after Sterling Tools’ subsidiary, Sterling Gtake E-Mobility (SGEM), announced a major step into EV On-board Chargers and DC/DC Converters. SGEM signed Technology License and Supply Agreements with Landworld Technology Co., Ltd. of China.

Under the deal, SGEM will manufacture On-board Chargers, DC/DC Converters, and Multi-Function Units (which combine chargers, converters, and power distribution units) at its EV campus in Faridabad.

Growth Potential

The company expects this partnership to bring in about ₹450 crore in revenue by FY30, tapping into a segment projected to reach ₹3,000 crore. By producing locally, Sterling Tools also aims to reduce imports and support the government’s Atmanirbhar Bharat and Make in India goals.

Chairman Anil Aggarwal said the group is expanding beyond Motor Control Units and Power Train platforms to meet the rising demand for advanced EV technology. The focus will be on multifunction units that combine several subsystems, giving customers more choices while promoting EV adoption in India.

Also Read: Myntra Reports Over 1,674% Jump in Net Profit to ₹548.3 Crore in FY25!

Conclusion

Sterling Tools’ latest partnership marks a significant move in its EV journey, expanding its portfolio beyond motor control units. By collaborating with Landworld, the company is not only boosting its revenue outlook but also contributing to India’s push for self-reliance in EV technology. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.