Sterling Tools has entered into a strategic collaboration with Zhejiang Meishuo Electric Technology to produce latching relays in India. The partnership targeting Rs 200 crore revenue generation by FY2030, will support the energy and industrial sectors by manufacturing advanced relays that reduce energy consumption.

The company will establish a new manufacturing facility in Bengaluru, with an initial Rs 20-crore outlay. Sterling Tech-Mobility, its wholly owned subsidiary, will lead the manufacturing efforts. The collaboration focuses on producing latching relays for power transmission, smart metering systems, and consumer appliances. These specialised electromechanical switches draw power only when changing states, helping to reduce energy consumption.  

Sterling Tools is diversifying from its core automotive fastener business to explore opportunities in power transmission, smart metering, and consumer appliances. Furthermore, the expansion aligns with India’s Atmanirbhar Bharat and 'Make in India' goals, aiming to reduce reliance on imported components.

Sterling Tools’ Director Anish Agarwal highlighted the move as a "significant step towards localising advanced technology production".