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ZF Commercial Vehicle eyes a strong growth curve aided by new regulations and e-mobility

Thehindubusinessline · 9m

ZF Commercial Vehicle Control Systems India Ltd, a subsidiary of the German auto parts supplier ZF Group, expects sustained double-digit growth driven by new regulations and the adoption of electric mobility. The company recently inaugurated a new factory in Chennai, which will produce advanced technology products such as electric vehicle aggregates and electronic braking systems for the Indian and global markets. ZF India aims to tap into the growing automotive market, leverage the availability of skilled engineers for R&D operations, and serve overseas customers with India-manufactured products. Additionally, the shift to electric mobility is creating demand for safety-related components like electronic stability control systems and electric compressors. The company seeks to capitalize on opportunities in the commercial vehicle segment as well as the fast-growing SUV segment in India. In FY23, ZF Commercial Vehicle Control Systems recorded a revenue of ₹3,445 crore.