Dr. Holger Klein, Member of Board of Management, ZF Friedrichshafen (4th from left), Daniel Schubert, CFO and legal council, ZF Asia-Pacific (left), Suresh KV, head of ZF India (3rd from left) and ZF India management team at the Ground.
German Tier 1 ZF Group is betting on smart gains and new business in India. In just four years after it inaugurated its Pune facility in 2015, the business is growing and requires a next extension step. The company's current facility with its 16,770 sqm built-up space is fully utilised with today’s commercial vehicle, car powertrain and aftermarket business.
The company says by end-2019 its new production complex with 4,000 sqm will be completed and will offer additional space to accommodate further production and warehousing activities.
Dr Holger Klein, member of board of Management, ZF Friedrichshafen, said: “This investment is a strong signal for the region and the commitment to grow business in the region. India is an important growth market for ZF and therefore we are expanding our presence here”.
Suresh KV, head of ZF India, said: “I am proud of the hard work of our employees, which lead ZF on a positive growth path in the Indian market. With this investment into new building infrastructure we assure that we will also be able to fulfil growing customer demands in future.”