ZF Group plans to invest €2bn in India by 2030, targeting €3bn total revenue and €2bn annual sourcing.

ZF Group, a global auto parts supplier, plans to invest €2bn in India by 2030, targeting increased revenue and sourcing for all business sectors, including mobility and wind energy. The company aims to expand its sourcing of parts for local and global requirements to an annual value of €2bn and increase its total revenue in India to €3bn. Expansion will focus on commercial vehicles, wind transmissions, and other technologies. ZF Wind Power's Coimbatore plant, India's largest supplier of wind turbine gearboxes, plans to invest €50m to increase its capacity from 9 GW to 12 GW by 2025, creating 225 new jobs.

August 27, 2024
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