zf group

German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

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German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

Mumbai: German auto component supplier ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to increase liquidity and financial flexibility for growth. The sale of shares has no effect on ZF’s control over ZF CVCS India, the company said in … Read more

zf group: ZF Group to extend local production of transmissions and axles in Coimbatore plant

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zf group: ZF Group to extend local production of transmissions and axles in Coimbatore plant

Chennai: ZF Group, a leader in hydraulic and electrohydraulic braking systems, has drawn up plans to extend the local production of transmission and axles to serve domestic and overseas markets. The company’s facility in Coimbatore would further the ambition of ‘Make in India for the World’ and ‘Make in India for India’, ZF Group president … Read more