ZF Plans 200 Million Euro Investment In India

ZF, is doubling down its focus in India through an investment of around 200-million-Euro and strategic consolidation of its business domains with renewed impetus to drive growth over the next decade.

Commenting on the strategic imperative for India, Dr. Holger Klein, ZF Member of the Board responsible for Asia Pacific and India said ”Despite the current severe situation regarding COVID-19 in India, the ZF Group strongly believes in the long-term growth potential of the region. Therefore, we are launching a Refresh India four-point strategy. This includes an intensive plan to rapidly grow our business in one of the largest automotive markets in the world.  We plan to invest around 200 million Euros in the next few years to aid this growth through product launches, manufacturing and engineering footprint expansions, hiring and other developments across all business domains.”

ZF is partnering with Mahindra Racing for Formula E supplying silicon carbide-based power electronics alongside the electric motor and transmission. “This partnership heralds’ endless possibilities for future introduction of such advanced technologies in the region as these technologies get tested under the harshest conditions.” Said Dr. Klein

In the Commercial Vehicle space, Recent acquisition of WABCO by ZF bolsters the company’s manufacturing and engineering capabilities to increase the content per vehicle. “In this next phase of growth, we will also continue to leverage India as a global sourcing hub across four areas: R&D majorly focusing on software development, IT & Digital Innovation, Manufacturing and Material Sourcing,” Dr. Klein emphasized. . The integration of WABCO into the ZF Group is well underway and is expected to be completed by the end of the year as planned.