ZF Inaugurates Truck Transmission Plant in Pune
November 10, 2010 11:27 am
ZF, that develops, produces and services driveline and chassis technologies around the world; expands its business in the growth market of India. The supplier group has now opened up an assembly plant in the industrial center of Pune, planning to produce an annual 25,000 heavy truck transmissions in the medium term.
India has nine times the surface area of Germany and approximately fourteen times as many inhabitants – but only about twice the amount of road kilometers. “The comparative figures illustrate the potential that we see in setting up and expanding an efficient traffic infrastructure in India” says Rolf Lutz, Group Executive of the Commercial Vehicle and Special Driveline Technology division. “We want to make use of this opportunity with our new truck transmission plant.”
ZF has been doing business in India for roughly three decades. Usually, joint ventures were founded with local partners, where ZF had a minority share or licenses were granted to Indian partner companies. ZF CEO Hans–Georg Härter says, “We have adapted our strategy in the past few years to account for the rising significance of India. ZF now increasingly has majority shares or companies operated purely by ZF.”
Currently, the Group has a roughly 29% share in Sona Somic Lemförder Ltd. which produces car suspension components in Delhi, Uttaranchal, and Chennai, a 26% share in ZF Steering Gear (India) Ltd. which produces commercial vehicle steering systems in Pune, and a 50% share in ZF Electronics TVS (India) Pvt. Ltd. which produces electronic components in Madurai.
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