'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.
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 ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
'India Can Become a Major Pillar for Us' - Marquardt Group
Björn Twiehaus, CEO of Marquardt Group, and Vishal Narvekar, the company's India GM, share their outlook on the Indian m...
Luxury Car Market to Slow in 2025: Mercedes-Benz Sees Flattish Numbers
In Jan to March of 2025, the market may witness its slowest growth since COVID-19, and if the weakness continues, the se...
‘We Must Have More Women Leaders in the Auto Sector:’ Anjali Rattan
The chairperson of the New Delhi-headquartered RattanIndia Enterprises believes that with their multi-tasking nature, wo...