Currently Reuters ZF has only 2000 cats in the purchase worth 100 million euros 100 million euros 100 million euros in spare parts.

German auto parts giant ZF plans to restore its commercial vehicle sales in India to an all-time high of 400 million euros by 2022 and has set an ambitious target of halving sales to 400 million euros. By the end of the century, the population of this country will reach 1 billion.

The Group is committed to investing more than 200 million euros in commercial vehicle transmission systems in India over the next 10 years and will set up a new production site in Orgaddam on the outskirts of Chennai, which has been selected by the Government of India as the qualifying plant for the production hook-up. Incentive Program.

Williem Rehm, Member of the Board of Management and Global Head of Commercial Vehicle Solutions, EF According to The Economic Times, India is a very important market for the company, which employs 6,500 people in various industries. CV Pision employs 300 renowned software engineers who are playing a key role in the future of mobile travel and building a new plant in the next decade.

Rehm added, "There's a reason why we've made a significant investment in India, which is separate from APAC and has a special profit and loss statement that essentially takes on a higher level of responsibility."

With a significant increase in India's global sourcing and a strong rebound in the domestic commercial vehicle market, India is poised to continue to perform well over the next decade and become one of ZF's fastest growing markets.

Although the company has set a sales target of €100 million for 1000, senior executives say they expect the Indian commercial vehicle business solution to grow from €100 million starting in 4 years to €1 billion billion by 2030 2000.

Rehm said his vision is to provide customers with next-generation technology through localized solutions.

"We have set a clear growth path for the next eight years. We want to increase it to 1,000 by the end of the century. 100 million euros. India will not only participate in India's growth story but will also contribute significantly to it at the turn of the century. Rehm added that India's global supply is being disrupted as more products are sourced.

To be sure, ZF is currently valued at 2,000 Global conglomerates supplying parts worth 100 million euros 100 million euros 100 million euros. Rehm is convinced that India will play a greater role in the future given the disruption in the global supply chain.

The integration with Wilburco not only makes ZF Commercial Vehicle Solutions the largest commercial vehicle supplier in India, but also has the broadest product portfolio, offering everything from trucks and buses to trailer technology, fleet management and automated driving digital solutions. Driving, etc.

While the automotive industry as a whole is investing heavily in electrification, automation, digital transformation and domestic commercial vehicle modernization, experts say suppliers such as ZF can play an important role as an original equipment manufacturer, by reducing R&D and procurement. By offering single-source solutions, customers can also benefit from reduced integration hassles. PEF Commercial Vehicle Control Systems Kaniappan, head of the Indian company He said that ZF has a strong presence in India and has a significant market share in this country. "Now, under his leadership, Wilburco is growing rapidly. As an integrated company, ZF is working with many OEMs on future technology roadmaps, which will ensure greater participation," Kaniapan added.