Germany based manufacturing company ZF Lenksysteme has set up a new manufacturing plant for steering systems required for commercial vehicles at Phulgaon near Pune. The company has invested Rs 325 crore in this facility.
The plant has the initial production capacity of 70,000 commercial vehicles steering systems and approximately 400,000 passenger car steerings which can be further ramped up, based on market requirements.
Commenting on this, Michael Hankel, CEO, ZF Lenksysteme said, "This is an important step for ZF Lenksysteme to expand its operations in India. We chose Pune as it gives us an opportunity to be present right at the centre of India’s auto, it is home to world’s second largest two-wheeler manufacturer, the world’s largest forging company & many other leading auto manufacturers such as Tata Motors, Daimler Chrysler, General Motors, Force Motors etc. Pune is also home to two very prominent automotive research labs, namely Automotive Research Association of India (ARAI) & Central Institute of Road Transport (CIRT).
ZF Lenksysteme lists some of the Indian auto manufacturers in the country like Tata Motors, Volvo-Eicher Commercial vehicles, Ashok Leyland, Volvo India, Diamler India Commercial Vehicles Limited and Force Motors among others. The plant will help ZF Lenksysteme increase its footprint in India. Also, the company has booked 70 per cent order of total capacity for passenger cars and 60 per cent for commercial vehicles.
Ronaldo Alves, CEO, ZF Lenksysteme India Pvt. Ltd. said, "We have already established our presence in the Indian Automobile industry through our products and constant endeavour for innovation.