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An announcement from Sterling Tools Limited ( (IN:STERTOOLS) ) is now available.
Sterling Tools Limited has announced the rebranding of its subsidiary, Sterling Gtake, to Sterling E-Mobility Solutions Limited, marking a significant step in its mission to become a comprehensive provider of electric vehicle (EV) technologies. This strategic move highlights the company’s dedication to delivering integrated EV solutions and its vision to lead India’s transition to sustainable mobility. The rebranding is part of Sterling’s broader strategy to offer localized, high-performance solutions tailored to the Indian EV market, supported by partnerships with global leaders like Advanced Electric Machines and Landworld Technology. The company maintains a strong relationship with Jiangsu Gtake Electric Co., Ltd., ensuring continued development and localization of products for the domestic market.
More about Sterling Tools Limited
Sterling Tools Limited, established in 1979, is a prominent manufacturer of high-tensile, cold-forged automotive fasteners, serving various segments including passenger vehicles, two-wheelers, commercial vehicles, agricultural equipment, and construction equipment. Its subsidiary, Sterling E-Mobility Solutions Limited, focuses on providing electric vehicle (EV) powertrain and power electronics solutions, while another subsidiary, Sterling Tech-Mobility Ltd., explores emerging sectors such as electric vehicle components.
Average Trading Volume: 9,323
Technical Sentiment Signal: Sell
Current Market Cap: 11.3B INR
Learn more about STERTOOLS stock on TipRanks’ Stock Analysis page.