7 months ago

ZF Group Expands Chennai Plant

ZF Group Expands Chennai Plant
ZF Group opens new EPB line in Chennai Plant; bullish about passenger car segment · thehindubusinessline.com

ZF Group, a company that makes car parts, opened a new factory line in Chennai, India.

This line makes electric parking brakes for cars.

The factory can make 800,000 brakes per year and currently uses parts made in India for 40% of the product.

The company plans to increase this to 80-90% in the next two years.

They also said they will invest a lot of money in India and are excited about the growth in the car market there.

They want to make special safety systems for Indian cars that are not too expensive.

Key facts

Company
ZF Group
Location
Oragadum, near Chennai
Product
Electric Parking Brake (EPB) line
Annual Capacity
800,000 units
Current Local Sourcing
40%
Target Local Sourcing
80-90% in 2 years
Investment Range
$200-$250 million
Growth Segment
Passenger vehicle segment

Quotes

Peter Holdmann

Board of Management member at ZF and head of Division Chassis Solutions

“As vehicle architecture evolves, braking systems are transitioning from mere mechanical assemblies to software-enabled safety technologies. ZF Group’s Electric Park Brake replaces conventional mechanical parking brakes with an electronically controlled system optimised for electric and software-defined vehicles.”
theprint.in
“Customers in markets like India and China will not accept solutions being designed remotely and engineering now has to be done in-region, close to customers”
thehindubusinessline.com

Akash Passey

President of ZF Region India

“Original Equipment Manufacturers are heavily investing into new solutions around safety, efficiency and so on, making us a logical contact point to build them for our customers”
thehindubusinessline.com

Sources

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