German car components maker ZF plans to invest around EUR 200 million and strategically consolidate its enterprise to power growth over the subsequent decade because it looks to double down its focal point on India, the enterprise mentioned on Tuesday.
It additionally mentioned a ‘Refresh India strategy’ which revolves around 4 key areas – readapt, support, keep and restructure — and supports the strategic repositioning of the ZF company identification in the nation, will help its increase plans.
a world leader in driveline and chasis know-how, among others, ZF has been in India for more than 5 many years, operating through eight entities, two totally-owned subsidiaries, five JV partners, together with 14 manufacturing areas in addition to a expertise centre in Hyderabad.
The business remaining year announced the a hit completion of the WABCO acquisition. WABCO is a worldwide business enterprise of essentially pneumatic braking manage methods, applied sciences and capabilities. Anyway, it additionally substances fleet operators with fleet management options and diagnostic tools amongst different functions.
“ZF is doubling down its focus in India via a big funding of around EUR 200 million and strategic consolidation of its business domains with renewed impetus to force increase over the next …