Tier 1 automotive parts supplier ZF has a strong manufacturing footprint in India and its recent record revenue of Rs. 10,000 crore from India operations alone is testimony. In a significant development and a laser-sharp focus on the Commercial Vehicle (CV) segment, the company's Commercial Vehicle Solution (CVS) Division has added to its manufacturing footprint.
On February 14, 2024, ZF India inaugurated the new Oragadam facility, in Tamil Nadu. The move as per Dr Peter Laier, Member of the ZF Group Board of Management, and Head of Commercial Vehicle Solutions and Industrial Technology is a significant milestone in its commitment not only to India's growth story but also an alignment to global trends calling for decarbonising CVs through such focused efforts. "As we proudly inaugurate ZF's new manufacturing plant in Oragadam, it highlights another significant step in our commitment to India's dynamic industrial landscape. India is a strategic market for ZF Group, and we have been increasingly focusing on India for design, engineering, and manufacturing capabilities, as well as the growing domestic market," he averred.
The new Oragadam plant additionally aligns well with the ZF objective of the 'Make in India for India and the World' approach. It highlights the company's thrust towards local manufacturing excellence while simultaneously catering to global demands. This multi-divisional facility is expected to play a critical role in innovative solutions for safety, automation, connectivity, and electric mobility for both commercial and passenger vehicles as a whole. "This state-of-the-art facility aligns with our global strategy and reaffirms ZF's dedication to fostering innovation and growth in this pivotal market. The Oragadam plant is a testament to ZF's vision for sustainable, inclusive, and globally impactful manufacturing," Laier mentioned.
A new chapter
This story is from the March 2024 edition of Auto Components India.
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This story is from the March 2024 edition of Auto Components India.
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