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'India is growing so fast, exports are not a priority' - ZF Lifetec
The German Tier-1 major is betting big on the growth opportunity from the Indian market and aims to accelerate its market share in the country in the coming years.
03 Oct 2024
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With rising consumer awareness and regulatory push, passive safety systems such as airbags and seatbelts in cars have seen a significant growth in the recent past in India, thus pushing technology providers like Germany’s ZF Lifetec to target more localisation and offer cost-effective solutions to OEMs in the country.
On September 12, ZF Lifetec commissioned a new competency centre in Hyderabad with a Euro 5 million (approx. Rs 44 crore) investment to indigenously develop advanced passive safety solutions for both domestic and overseas markets. On the sidelines of this event, Rudolf Stark, EVP, ZF Lifetec, spoke with Autocar Professional ...
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