ZF Rane Automotive India Pvt Ltd, the joint venture between Rane Group and ZF Group, plans on introducing rack drive electric power steering system technologies to the Indian market.
In addition, both the companies have also entered into a licensing agreement for Column Drive Electric Power Steering System technology. This will exclusively be used by Rane Steering Systems for the Indian Market.
With this, Rane and ZF together now offer a full range of electric power steering portfolio for the Indian market, the companies said in a press release. ZF Rane Automotive India manufactures hydraulic steering gear systems, seatbelts, and airbags.
“Together, we're bringing cutting-edge steering technologies to the Indian market, offering enhanced safety, comfort, and performance. Given our long history as a steering systems supplier, this collaboration enhances our commitment to offer the latest technology choices to the customer matching their requirements. This important initiative will position us as a complete Steering Systems supplier,” Rane Group Chairman Harish Lakshman, Chairman said.
ZF Rane Automotive India has three manufacturing facilities in Tiruchirapally, Chennai and Rudrapur for hydraulic power steering systems. In March, the joint venture fully acquired steering wheels manufacturer TRW Sun Steering Wheels.
“With this new phase of strategic partnership ZF and Rane together intend to offer the full range of state-of-the-art Electric Power Steering Systems to our customers on the Indian market,” said Theodor Kaster, head of global steering product line at ZF Group.