Sterling Tools partners with UK-based Advanced Electric Machines to produce magnet-free traction motors for EVs
, through its subsidiary Sterling Gtake E-Mobility Ltd (SGEM), on Wednesday announced its entry into the manufacturing and marketing of rare earth
magnet-free traction motors
for
electric vehicles
. The Haryana-based company has signed a technology licensing agreement with
UK-based Advanced Electric Machines
(AEM) Ltd to produce these motors at its Faridabad plant, aiming to reduce reliance on China and bolster India's EV industrial supply chain.
SGEM will serve all segments of the traction motors market, which is expected to grow to approximately ₹15,000 crore by 2030. The company plans to expand local manufacturing of EV solutions, strengthening India's industrial supply chain.
Anil Aggarwal
, Chairman of Sterling Tools, stated, "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."
The partnership aims to 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.
James Widmer, Co-founder and Chief Executive Officer of 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."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
28 minutes ago
- The Hindu
700 public services will be available on WhatsApp from August 15, says Chandrababu Naidu
Chief Minister N. Chandrababu Naidu announced that starting August 15, the government will provide 700 different public services through the Mana Mitra WhatsApp Governance platform, enabling citizens to access services without visiting government offices. During a review meeting at the Real Time Governance Society (RTGS) on Monday, the Chief Minister directed officials to ensure smooth functioning of the WhatsApp-based services without technical glitches, and to launch awareness campaigns to encourage wider usage. As part of the visit, the Chief Minister inaugurated Aware 2.0, an upgraded RTGS module capable of forecasting rainfall and analysing real-time water data, including inflows into rivers, groundwater absorption, and optimal rainwater utilisation. In the meeting, Mr. Naidu issued key directives related to disease control, drone surveillance, technology-driven law enforcement, and early rainfall alerts. Take preventive measures to stop the spread of infectious diseases, with focus on achieving the zero malaria target. Use drones to identify hotspot areas, carry out rapid contamination control, and maintain continuous monitoring to deter rowdy-sheeters. Fully utilise technology to curb anti-social activities with an 'iron hand' approach. Deploy Artificial Intelligence to monitor wind quality. Predict heavy rainfall in advance and alert local irrigation associations and relevant engineers for preparedness, he said. Drone applications Mr. Naidu called for rapid expansion of drone-based services, with the Drone Corporation currently having 45 use cases ready. He emphasised deploying drones in agriculture to significantly cut pesticide usage, and in public health to control mosquito breeding and prevent disease outbreaks. The construction of a dedicated 'Drone City' should be expedited, he said. Data Lake Mr. Naidu directed RTGS to complete its Data Lake project by November and leverage Artificial Intelligence for effective analysis. He urged integration of e-crop and soil fertility data to develop district-specific recommendations that would help farmers reduce fertilizer use. Each of the 175 Assembly constituencies of the State should have a scientific analysis of development needs, he said. The meeting was attended by Chief Secretary K. Vijayanand, IT and RTG Secretary Bhaskar Katamneni, RTGS CEO Prakhar Jain, and Deputy CEO M. Madhuri, among others.
Economic Times
28 minutes ago
- Economic Times
Regaal Resources raises Rs 92 crore from anchor investors ahead of IPO
Regaal Resources raised ₹92 crore from anchor investors before its ₹306 crore IPO, opening Tuesday. The Bihar-based maize products maker allotted shares to domestic and overseas institutions at ₹102 each. Listing is set for August 20. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Regaal Resources has mobilised Rs 92 crore from anchor investors ahead of its IPO, which opens for public subscription on Tuesday. The Kolkata-based maize-based specialty products manufacturer informed the exchanges on Monday that it allotted 89,99,856 equity shares at Rs 102 apiece, including a share premium of Rs 97, to a clutch of institutional anchor book saw participation from a diverse mix of domestic and overseas institutions, including Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure, Universal Sompo General Insurance, Zeta Global Funds (OEIC) PCC, and several domestic alternative investment funds (AIFs).Regaal Resources operates from Kishanganj, Bihar, one of India's top three maize-growing states, and is among the country's top 10 maize milling companies by capacity, with an installed crushing capacity of 750 tonnes per portfolio includes native maize starch, modified starch, co-products such as gluten, and value-added products like maize flour, icing sugar, and baking Rs 306 crore IPO comprises a fresh issue and an offer for sale, with a price band set at Rs 96–102 per can bid for a minimum lot of 144 shares. Of the total issue, up to 50% is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs).The subscription window will close on Thursday. Tentative allotment is scheduled for August 18, with refunds and credit of shares to demat accounts on August 19. The stock is expected to list on both BSE and NSE on August 20. Pantomath Capital Advisors and Sumedha Fiscal Services are acting as the book-running lead managers to the issue.
Mint
28 minutes ago
- Mint
Video: IIT Hyderabad tests AI-based software to operate driverless buses within its campus
The Indian Institute of Technology (IIT) Hyderabad's Technology Innovation Hub on Autonomous Navigation (TiHAN) has created artificial intelligence-based software to operate driverless buses within its campus. The system is being used to transport students and faculty members between various locations inside the institute. According to TiHAN officials, the autonomous vehicle currently operates only within campus limits and not on public roads. Since its deployment, the bus has transported more than 10,000 passengers. Around 90 per cent of users have provided positive feedback, the team said. The technology relies on an array of sensors and can be adapted to different types of vehicles, ranging from electric to internal combustion engine models. The service has drawn interest from other educational institutions and the Telangana state government, which are exploring potential applications. Developers noted that the technology may be suitable for deployment at airports, large educational campuses, or industrial sites, where traffic conditions are relatively predictable. In an effort to adapt the system for Indian road conditions, TiHAN has undertaken extensive data collection. This includes trials with a specially equipped sport utility vehicle (SUV) travelling from Hyderabad to Jammu. The project, called 'Safari', covered approximately 4,000 kilometres in one direction, with the return trip bringing the total to about 8,000 kilometres. During the journey, the team passed through nearly 35 cities, gathering information on different road types, traffic patterns, and environmental conditions. The collected data is being used to train and fine-tune the autonomous navigation algorithms, with the aim of improving performance in diverse weather and traffic situations. TiHAN engineers stated that the system has been tested successfully in controlled environments, but further evaluation in uncontrolled, real-world conditions is necessary before any broader commercial roll-out can be considered. Officials involved in the project also highlighted the potential safety benefits of autonomous technology, particularly in reducing road accidents and fatalities. However, they emphasised that rigorous trials and regulatory approvals will be required before the technology can be introduced for general use beyond controlled premises.
