Mumbai: Sterling Gtake E-mobility Ltd (SGEM) has secured an order worth ₹600 million for motor control units (MCUs) from a leading electric two-wheeler OEM, the NCR-based has said. Anil Aggarwal, managing director, Sterling Tools Ltd, said, “We are delighted that our investment and efforts over the last 3 years have begun paying dividends. Aggarwal further added that by the end of the current fiscal year, he expects EV components to contribute more than 10% of Sterling’s revenues. SGEM has been focusing on identifying partners and driving technology transfer and localization to provide customers with application support and technology adapted to Indian requirements. Its product portfolio covers the entire spectrum of applications from 1 KW to 200 KW and 48V to 700V.

Source: Mint July 21, 2021 08:37 UTC