ZF Group to set-up Technology Center in India
On August 5 2016, ZF announced plans to set up its first ever ‘India Technology Centre’ in Hyderabad, which will be dedicated to software and mechanical engineering.
The new Technology Centre will support ZF’s global development teams while enabling the company to accelerate local product development.
Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG said: “This new facility is a significant investment for ZF in India. We are harnessing the skilled talent pool that India has to offer in order to develop superior technology solutions for our global as well as local customers”.
ZF has been operating for more than three decades in the Indian market and ZF TRW for more than 50 years through its joint venture with TVS and Rane groups. Currently with about 12,000 employees including JV’s, ZF has 19 production facilities excluding warehouses and office buildings.
To read the full press release, please click here.
In: CLEPA News, Connectivity & Automation, Growth & Competitiveness