The new plant in Coimbatore together with the main hub in Germany will support the production capacity needed for the future market growth in the global construction equipment market.
12 Dec 2023 | 16244 Views | By Autocar Professional Bureau
The ZF Group has indicated that it is well poised and stays positive on the significant evolution within the construction industry in India. The industry is witnessing an increasing need for intelligent system solutions, sustainable technologies, and a rapid development cycles to support customer expectations, and the ZF Group states ...
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The ZF Group has indicated that it is well poised and stays positive on the significant evolution within the construction industry in India. The industry is witnessing an increasing need for intelligent system solutions, sustainable technologies, and a rapid development cycles to support customer expectations, and the ZF Group states that it is ready to meet these expectations.
The company is demonstrating its expertise in driveline technology and intelligent system solutions at the EXCON India 2023 trade fair (South Hall 1, Booth F121). Excon India 2023 opens today at the Bangalore International Exhibition Centre in Bengaluru and will continue till December 16.
This showcase of global technologies and investment in a new plant reiterates the Group’s commitment to the growth of domestic industry in the region and its focus on the region.
The ZF Group, a global leader in hydraulic and electrohydraulic braking systems, supports customers in the heavy duty, off-highway, construction, mining, and agriculture sectors with safe and efficient brake technology. ZF’s technologies contribute to low or zero emissions and offer increased productivity at construction sites.
The Indian off-highway segment is estimated to grow significantly. In India, the construction industry is upbeat about the market potential with rapid urbanization and the push for infrastructural connectivity, which the country is witnessing.
The industrialization of the ERGOPOWER M transmission series at the ZF Coimbatore plant will contribute to that development.
In line with these plans, ZF has made investments in a new plant of over 12,000 square metres to cater to the domestic and export market. This will help the plant to cater its production to domestic and export requirements.
The new plant in Coimbatore together with the main hub in Germany will support the production capacity needed for the future market growth in the global construction equipment market.
Akash Passey, President ZF Group in India said, “This new plant and localization of transmissions and axles at our plant in Coimbatore will further our ambition of ‘Make in India for the World’ and ‘Make in India for India.’ This move makes us more agile in meeting customer expectations and enables our customers to get easy access to our world-leading technologies with local manufacturing competencies. The economic tailwinds of growing urbanization and the key thrust on infrastructural growth, makes the ZF Group in India is positive about the market and the opportunities present.”
Images: ZF Group