Sterling Tools Limited’s shares rose nearly 6 percent on Monday following the announcement of a Technology Collaboration Agreement and Supply Agreement with Nanjing Haohang Technology Co., Ltd., a Chinese firm focused on developing Advanced Rider Assistance Systems (ARAS) for India’s two-wheeler market.
By 2:32 PM, the stock had reached ₹260 on the NSE, up ₹14.66 or 5.98 percent from the previous close of ₹245.34, and it hit an intraday high of ₹268.99. The total trading volume was approximately 1.03 lakh shares, with buy orders representing 62 percent of all activity. The company’s market capitalization is estimated at around ₹945 crore.
The agreement stipulates that Sterling Tools will manage local engineering, system adaptation, manufacturing, and sales of ARAS technology in India. Nanjing Haohang, a joint venture between Haobo Electronic Technology and Nanjing Chuhang Technology, provides an established global technology platform for two-wheelers, including motorcycles and electric models.
ARAS operates similarly to Advanced Driver Assistance Systems found in passenger vehicles, utilizing sensors, software, and control systems to alert riders of potential hazards. The two companies reported that they have already conducted tests of features such as Front Collision Warning, Rear Collision Warning, Blind Spot Detection, Lane Change Warning, and Wrong-Side Alert on Indian roads.
Anish Agarwal, Director at Sterling Tools, pointed to two-wheeler accidents as a major factor contributing to road fatalities in India as a reason for this partnership.
This announcement aligns with Sterling Tools’ broader shift towards next-generation automotive technology. The company is also involved in electric vehicle power electronics, high-voltage DC contactors, and rare-earth-magnet-free motor solutions via its subsidiaries. Despite the rise in stock price today, Sterling Tools’ shares remain nearly 20 percent lower over the past year and about 37 percent down over the past three years, in contrast to the Nifty 50, which has shown a roughly flat return and a 34 percent gain over those periods.
Published on April 27, 2026.
