Delhi NCR-based automotive component manufacturer Sterling Tools, through its subsidiary Sterling Gtake, has inked a technology licensing agreement with Advanced Electric Machines (AEM), UK to enter the electric vehicle motor market.

As per the understanding, Sterling Gtake will develop, manufacture and market Rare Earth Magnet-Free traction motors for EVs in India.

The component supplier stated that by introducing a mature and commercially viable rare earth magnet-free technology, it will be able to offer its customers an alternative to the China dependent permanent magnet supply chain. 

It expects that the traction motors market will to grow to around INR 150 billion by 2030. Furthermore, Sterling Gtake will also explore joint development of integrated motor and controller solutions. 

Anil Aggarwal, Chairman, Sterling Tools, said, “Sterling’s foray into rare earth magnet-free motors demonstrates the Group’s commitment to being a technology leader and an industry pioneer. We are expanding beyond MCUs to being a complete solution provider and meeting the EV Industry’s growing demand for advanced technology. EV sub-systems are being increasingly consolidated into multifunction units and Sterling will also offer our customers integrated motor and controller solutions. The Sterling Group will continue to extend excellent technical and application support to its customers to help drive greater adoption of EVs in India.

“The diversification into rare earth magnet-free motors is in line with Sterling’s ambition to develop powertrain expertise to serve the Indian auto industry. Sterling Tools plans to further expand the local manufacturing of EV Solutions, strengthening India’s industrial supply chain. With the EV market poised for significant growth, this partnership is well-timed to capitalise on emerging opportunities while contributing to a sustainable future.”

Dr. James Widmer, Co-Founder & Chief Executive Officer, Advanced Electric Machines, said, “India’s automotive and zero-emission manufacturing market offers immense potential for growth and innovation. Through our partnership with Sterling Tools, we are bringing our proven expertise in magnet-free motors to Indian customers across a wide range of vehicle categories. Together, we can create high-quality powertrain solutions that cater to India’s growing need to reduce its tailpipe emissions, while also supporting the country’s self-reliance and sustainability goals.

This agreement is a culmination of a strong relationship between the two companies, and we have worked with SGEM over several years to understand the Indian market and develop the local supply chain.  We are now ready to hit the ground running and to contribute to India’s quest for sustainability.”

Automotive component supplier Sterling Tools has announced its financial results for FY2025. The company’s consolidated total income for FY2025 rose by 10.6 percent YoY to INR 10 billion milestone for the first time at INR 10.38 billion. Adjusted EBITDA grew 13.8 percent YoY to INR 1,324 million, with margins improving to 12.8 percent and net profit increased by 5.3 percent to INR 583 million.

On a standalone basis, total income stood at INR 6,516 million, up 6.2 percent YoY and net profit came at INR 429 million, up 10.5 percent YoY, with an EBITDA margin of 14.5 percent.

Despite a strong annual performance, Q4 FY2025 revenues for its subsidiary Sterling Tools Gtake E-Mobility were impacted by Ola Electric’s shift to in-house motor production. In response, it has ramped up product and customer diversification. Key developments include a technology licensing agreement to manufacture rare earth/permanent magnet-free motors in India – offering an alternative to China-dependent supply chains.

Further, Sterling Tools Gtake E-Mobility plans to expand into integrated motor-controller solutions and additional power electronics products. Through another subsidiary, Sterling Tools, the company will begin production of HVDC contactors and relays by Q2 FY2026 in collaboration with Kunshan GLVAC. It is also in advanced talks to form a joint venture with South Korea’s MotiveLink to manufacture magnetic components in India.

Atul Aggarwal, Managing Director, Sterling Tools, said, "Agreements on the introduction of other Power Electronics products are in the pipeline and, at least one, will be announced in the near future. The company continues to also work on two-wheeler, three-wheeler and commercial vehicle customers to expand sales of its Motor Control Units. Through our subsidiary STML, we plan to begin production of HVDC Contactors and Relays by the end of Q2 FY2026, in partnership with Kunshan GLVAC Yuantong New Energy Technology. We are also in advanced discussions to establish a joint venture with MotiveLink (erstwhile Yongin Electronics) to manufacture magnetic components in India. These initiatives are expected to drive future growth. Looking ahead, the standalone business is expected to continue its stable growth trajectory, maintaining high single-digit growth. Collectively, these strategic moves will enhance our EV product portfolio, promote import substitution, and align with the government of India’s Atmanirbhar Bharat vision. We remain committed to delivering long-term value through a combination of organic growth and strategic partnerships.”

Agreements on the introduction of other Power Electronics products are in the pipeline and, at least one, will be announced in the near future. The Company continues to also work on 2W, 3W and Commercial Vehicle customers to expand sales of its Motor Control Units. Through our subsidiary STML, we plan to begin production of HVDC Contactors and Relays by the end of Q2 FY26, in partnership with Kunshan GLVAC Yuantong New Energy Technology Co. Ltd. We are also in advanced discussions to establish a joint venture with MotiveLink Co. Ltd. (Erstwhile Yongin Electronics) to manufacture magnetic components in India. These initiatives are expected to drive future growth. Looking ahead, the standalone business is expected to continue its stable growth trajectory, maintaining high single-digit growth. Collectively, these strategic moves will enhance our EV product portfolio, promote import substitution, and align with the Government of India’s Atmanirbhar Bharat vision. We remain committed to delivering long-term value through a combination of organic growth and strategic partnerships.”

The company expects its core fastener business to maintain high single-digit growth while future-ready investments drive expansion in the EV segment.

BorgWarner has extended its business with a major North American OEM regarding four EGR system volume contracts. The EGR systems find use in several passenger and light commercial vehicle platforms of the OEM for combustion and hybrid applications. The production of the EGR components – EGR valves, coolers, and modules – is expected to continue through the end of 2029. The respective systems are optimised for increased robustness against thermal fatigue. They reduce NOx emissions and improve fuel economy by recirculating a portion of the engine’s exhaust gases back into the intake air to reduce combustion temperatures. 
For the supply of eMotor, the automotive supplier has entered into an arrangement with a major, North American-based OEM to supply its 400V SW130 (S-wind) eMotor for use on a series of hybrid full-sized trucks and SUVs. The contract expands the global presence of BorgWarner's high-voltage, high-volume S-wind eMotor technology, with production expected to begin in the second quarter of 2028. 
The SW130 eMotor utilises S-wind technology as an alternator replacement in a high-voltage architecture, featuring a continuous, rectangular formed winding design that enables peak performance and enhanced power efficiency within a compact space. In contrast to hairpin motors, the compressed design of the S-wind technology applies radial wire insertion, makes better use of materials and reduces welding points by more than 90 percent. 

Motherson Sumi Wiring India (MSWIL), a leading automotive component supplier, has reported strong financial performance for the fourth quarter and full year ending 31 March 2025, with quarterly revenues (excluding Greenfield operations) reaching INR 23.91 billion, a 7.1 percent YoY growth for Q4FY25, outpacing industry volume growth.

The company, a leading automotive wiring harness manufacturer, remains a key supplier to nine out of the top 10 highest-selling passenger vehicle models in India for FY25 – a testament to its sustained market leadership and deep OEM partnerships.

Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring, said, “The company has delivered robust performance this quarter, with revenue growth surpassing industry averages. While maintaining a debt-free status and a strong focus on enhancing our operational efficiencies, we are investing in expanding our capacities. This will allow us to scale production to meet our customers' evolving requirements for current and future ICE and EV programs. I sincerely thank our customers for their continuous support. Also, I would like to thank our employees for their hard work, unwavering dedication, and commitment to excellence.”

During the quarter, the component supplier achieved its best-ever quarterly and annual results in terms of both revenue and EBITDA.

The company recorded an 8.8 percent revenue growth for the full fiscal year FY2025. One of its three greenfield facilities commenced production during the year, while the remaining two remain on track and at varying stages of completion.

Electric vehicle programs contributed 4 percent of revenue in Q4FY2025. The tier 1 supplier reported a robust 42 percent Return on Capital Employed (ROCE) for FY2025, continuing to exceed its 40 percent target.

American tier 1 supplier BorgWarner has further strengthened its business with two new orders from a Chinese transmission manufacturer and an extension from a German OEM in China for its dual clutch modules used in dual clutch transmissions (DCT).

Isabelle McKenzie, Vice-President, BorgWarner, said, “Our success in securing new projects in the Chinese market underscores BorgWarner's commitment to delivering innovative solutions in the region. We are dedicated to helping our customers grow their business in China and succeed in international markets.”

The seven-year extension with a German OEM in China follows a decade of successful collaboration. Compared to conventional longitudinal wet DCTs, the clutch assembly produced in BorgWarner’s Tianjin facility provides superior performance by reducing rotational inertia and minimising friction losses and leakage. These not only reduces drag torque but enhances transmission efficiency and provides a smoother responsive driving experience.

The company’s new business for supplying DCT clutch to a Chinese transmission manufacturer, will see the product being used in Chinese OEM’s SUVs and sedans, which will be sold in China and export markets. The clutch module will be produced in BorgWarner’s Taicang facility, features multiple key advantages – a compact design, superior thermal robustness and outstanding cost-effectiveness. Mass production is scheduled to commence by the end of 2025.