|
ZF Lenksysteme of Germany has set up a new unit Phulgaon near Pune in Maharashtra to manufacture steering systems for commercial vehicles. The new unit set up at a cost of Rs 325 crore has an initial production capacity of 70,000 commercial vehicles steering systems and approximately 400,000 passenger car steerings which can be further ramped up at a later stage depending upon the market demand. The plant will help ZF Lenksysteme increase its presence in India and also, the company has booked 70 per cent order of total capacity for passenger cars and 60 per cent for commercial vehicles.
|