- Sterling Tech-Mobility
- Kunshan GLVAC Yuantong New Energy Technology
- GLVAC YT
- Sterling Tools
- Kunshan GuoLi Electronic Technology
- GLVAC
- Anish Agarwal
- Li Qinghua
- electric vehicle
- hybrid
Sterling Tech Partners China’s GLVAC To Make EV Components In India, Targets INR 2.5 Billion Revenue By FY2030
- By MT Bureau
- November 06, 2024
Sterling Tech-Mobility and Kunshan GLVAC Yuantong New Energy Technology (GLVAC YT) have entered into a partnership to manufacture advanced High Voltage Direct Current (HVDC) contactors and relays in India.
These components are said to play a crucial role in controlling the flow of current in electric and hybrid vehicles. They manage and control high-voltage electricity flow between the battery, motor controller or inverter, and other power electronic systems. These components provide safe switching and isolation in EV power circuits, ensuring efficient operation while protecting against electrical faults. In the event of accidents or short circuits, these help to prevent hazards such as fires or explosions.
Sterling Tech-Mobility is a subsidiary of Sterling Tools, a leading fastener manufacturer in India, while GLVAC YT is a subsidiary of China-based Kunshan GuoLi Electronic Technology (GLVAC).
The new partnership will see Sterling Tools invest INR 400 million to manufacture and assemble HVDC contactors and relays at a new facility in Bengaluru. The partnership
is expected to generate INR 2.5 billion in revenue by FY2030.
Anish Agarwal, Director, Sterling Tools, said, “As the electric and hybrid vehicle markets continue to expand, it is important that we integrate the highest safety measures in the electric and hybrid vehicles through advance technological systems. At Sterling Tools, we recognise these concerns and are dedicated to enhancing safety in the EV and HEVs segment. This association highlights our commitment to the safety of high voltage battery and power electronic systems and contribute to the Make in India initiative of the government of India. We will manufacture advanced HVDC contactors and relays at our new Bengaluru facility, making them more affordable and accessible for OEMs and Tier-1 companies.”
Li Qinghua, General Manager, GLVAC YT, said, "India is an important market for us, and through our association with Sterling Tools, we are poised to strengthen the EV and HEV sectors in India. As a key player in EV components, we recognise India's immense potential in the electric vehicle market. This partnership combines our technological expertise with Sterling's manufacturing excellence to deliver high-quality, critical EV components to the Indian market. We see this partnership as a significant step toward supporting the country’s electric mobility journey. Together, we aim to drive meaningful advancements in EV components landscape, contributing to a more sustainable future.”
Bolt.Earth And Statiq Partner To Enable Interoperable EV Charging
- By MT Bureau
- January 08, 2026
Bolt.Earth and Statiq have announced a strategic partnership to enhance electric vehicle (EV) charging access across India. The collaboration focuses on interoperability, allowing four-wheeler users to access more charging options through a unified system.
Under the agreement, EV drivers can locate, access, and pay for chargers on both the Bolt.Earth and Statiq networks using either company's mobile application.
The partnership integrates Statiq’s DC fast-charging infrastructure for four-wheelers with Bolt.Earth’s platform. This expansion targets key cities and highways to assist with intercity travel and range anxiety.
Statiq operates a network that includes both AC and DC fast-charging solutions in urban centres and commercial hubs. Bolt.Earth provides a peer-to-peer (P2P) charging platform serving two-wheeler, three-wheeler, and four-wheeler vehicles across more than 1,900 cities.
Akshit Bansal, Founder & CEO, Statiq, said, “At Statiq, our vision has always been to make public charging simple, reliable and widely accessible. Partnering with Bolt.Earth enables us to connect two strong networks and providing EV drivers with more fast-charging options through a seamless experience. By reducing the need for multiple apps and bringing more chargers onto a unified journey, we’re taking a meaningful step towards an open, interoperable charging ecosystem that supports faster EV adoption across India.”
S Raghav Bharadwaj, CEO & Founder, Bolt.Earth, said, “Interoperability is the future of EV charging in India, and this partnership is a decisive step toward that future. By uniting Bolt.Earth’s universal network with Statiq’s robust, fast-charging infrastructure, we’re delivering unmatched accessibility and convenience to EV users. This integration aims to ease range anxiety, eliminate the hassle of multiple apps, and provide a single, real-time view of available charging points—making EV charging seamless, reliable, and user-friendly.”
Toyoda Gosei Commercialises Automotive Parts With Increased Recycled Rubber
- By MT Bureau
- December 26, 2025
Japanese automotive component supplier Toyoda Gosei Co, has launched automotive weatherstrips containing a higher percentage of recycled rubber. The components have been adopted for the Toyota Motor RAV4, with plans to expand the application of this technology to other models.
While recycling processes for steel and plastic are established, rubber has historically been incinerated for energy recovery due to the complexities of devulcanisation. This process uses heat and pressure to break the sulphur bonds that provide rubber with elasticity; however, it often weakens the material and creates odours.
Toyoda Gosei has modified its proprietary devulcanisation technology to improve the quality of regenerated rubber. These refinements have allowed the company to increase the recycled content in automotive parts from under 5 percent to 20 percent. The achievement received a Project Award from Toyota Motor.
The company is now working to apply these techniques to:
- Synthetic Rubber: Expanding use in products such as rubber hoses.
- Natural Rubber: Developing processes for materials used in higher volumes across the industry.
The company intends to collaborate with vehicle manufacturers to establish a system for collecting and regenerating rubber from end-of-life vehicles. This circular model aims to reduce carbon emissions and improve resource circulation within the automotive supply chain.
Toyoda Gosei stated that by leading rubber recycling efforts, it seeks to address long-standing industry challenges regarding waste management and material strength in recycled elastomers.
- Greenfuel Energy Solutions
- Lumax Auto Technologies
- LATL
- Maruti Suzuki India
- CNG
- WEH Gas Tech
- Deepak Jain
- Anmol Jain
- Akshay Kashyap
Greenfuel Energy Solutions Starts Ferrule-less Tube Production In Manesar
- By MT Bureau
- December 22, 2025
Greenfuel Energy Solutions, a subsidiary of Lumax Auto Technologies (LATL), has opened a manufacturing line for ferrule-less tubes and fittings at its Manesar facility. The line was inaugurated by the leadership team of Maruti Suzuki India.
The project involves an initial investment of INR 250 million, with a further INR 500 million planned over the next five years. The facility has the capacity to supply components for approximately 100,000 vehicles, with production ramping up in phases.
The facility localises the production of ferrule-less tubes and fittings for CNG vehicles, a technology that was previously imported. The solution uses torque-tightened assembly for mass production. Greenfuel developed the line in collaboration with its German partner, WEH Gas Tech, adapting the technology for Indian conditions.
Deepak Jain, Director, Lumax Auto Technologies, said, “The localisation of this technology reflects our strong commitment to the ‘Make in India’ agenda. By bringing critical manufacturing capabilities onshore, we are accelerating technology transfer, strengthening domestic supply chains, and enhancing India’s competitiveness in advanced automotive manufacturing.”
Anmol Jain, Managing Director, Lumax Auto Technologies, added, “This initiative lays the foundation for scalable and sustainable growth. It improves operational efficiencies, deepens collaboration with OEM partners, and enables faster validation cycles supporting the evolution of Indian manufacturing towards higher value-added capabilities.”
The transition to domestic manufacturing is intended to reduce reliance on global supply chains and eliminate costs associated with import duties and foreign-exchange exposure.
Akshay Kashyap, MD & CEO, Greenfuel Energy Solutions, said, “We are the first and only company in India to localise ferrule-less tubes and fittings along with the underlying manufacturing technology. This Make-in-India solution offers ease of installation, reduced labour costs, and enhanced safety for the automotive industry. We have already commenced supplies to a leading OEM and are witnessing strong interest from others.”
“This technology has been proven in Europe and used by an established German automotive brand for over seven years. We have successfully indigenised it in India in collaboration with our long-standing German partner, WEH Gas Tech, a relationship spanning nearly two decades. While the core line was sourced from Germany, it has been adapted and optimised for Indian operating conditions, combining global credibility with local engineering expertise,” added Kashyap.
In 2024, Lumax Auto Technologies Limited acquired a 60 percent stake in Greenfuel Energy Solutions’ alternate fuels business for INR 1.53 billion. The division reported revenues of INR 1.7 billion in the first half of the year and maintains an order book of approximately INR 2 billion. The expansion aligns with the industry-wide shift toward alternate-fuel platforms in India.
- Uno Minda
- ICSI National Awards
- The Institute of Company Secretaries of India
- Ministry of Corporate Affairs
- Dr Raj Bhushan Choudhary
- P T Usha
- D Y Chandrachud
- Tuhin Kanta Pandey
- Securities and Exchange Board of India
- SEBI
Uno Minda Receives ICSI National Award For Corporate Governance
- By MT Bureau
- December 22, 2025
Tier 1 automotive component supplier Uno Minda has been named the ‘Best Governed Company’ at the 25th ICSI National Awards for Excellence in Corporate Governance. The company received the award in the Listed Segment (Medium Category) during a ceremony held on 19 December 2025.
The Institute of Company Secretaries of India (ICSI), a body under the Ministry of Corporate Affairs, recognised Uno Minda for its governance framework, Board structure and transparency. The evaluation also considered stakeholder value enhancement, CSR, and sustainability. The company treats governance as an enabler of growth and value creation.
The award was presented by Dr Raj Bhushan Choudhary, Minister of State for Jal Shakti, and P T Usha, Member of Parliament and President of the Indian Olympic Association.
The jury for the awards was chaired by Dr Justice D Y Chandrachud, former Chief Justice of India. Tuhin Kanta Pandey, Chairman of the Securities and Exchange Board of India (SEBI), attended the event as Guest of Honour.
This recognition follows other governance awards received by the company. Uno Minda was previously granted the ‘Amrop–ET India’s Best Board’ Award in 2021 for Board effectiveness and leadership. It also received the Golden Peacock Award for Excellence in Corporate Governance in 2020 from the Institute of Directors.
The ICSI National Awards are intended to promote governance standards that support the socio-economic objectives of the Government of India.

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