Sterling Tools, India signs MoU with Yongin Electronics, South Korea for EV components facility
On April 18, Sterling Tools Limited through its subsidiary signed a memorandum of understanding (MoU) with South Korea’s, Yongin Electronics Co., Ltd, a major supplier of components to the Hyundai Kia Motor Group. This agreement is expected to generate INR 2.50 billion in business over the next 5 years and to acceler