German auto component manufacturer, ZF Friedrichshafen AG has opened a new facility in Pune with a total investment worth nearly Rs 150 crore (20 million) to tap the growing potential of the Indian market.
Situated at Chakan, the plant is spread over an area of 85 000 square meters (21 acres) will house Car Powertrain Technology and Commercial Vehicle Technology divisions as well as ZF Services under the same roof.
"This new plant is an important investment in the centennial year of ZF Group", said Wilhelm Rehm, Board Member of ZF Friedrichshafen AG and Global Head of material management. "The new facility in India reinforces ZF's role as a global player and its commitment of expanding in a growth region like India." Over the years, ZF has been successful in localizing high technology products in India. "Now we will focus on the 'Make-in-India' theme and source quality products for its global portfolio", he added.
Commenting on the development Rudi von Meister, ZF's President of Asia-Pacific, said: "The synergies from this consolidation will enable us to improve efficiencies and help us provide a compelling value proposition to our customers." Today, Asia-Pacific is the most important market for ZF after Europe and North America. After China, India is the second-largest market in the region and caters to various industry segments like Automotive, Off-highway, Windpower and Marine.
ZF established its presence in Pune in 2010 by introducing high performance transmissions, followed by chassis components both for commercial vehicles and passenger cars. Today it enhances this product portfolio by launching passenger car clutch systems. These are specially designed to meet the demanding driving conditions in India."
ZF has been operating for more than three decades in the Indian market. Currently, ZF's presence in India consists of eight plants spread across Pune, Pantnagar, Gurgaon, Chennai, Coimbatore and Madurai, and roughly 3,000 employees. The new facility will have approximately 200 employees.