ZF Group, a prominent global supplier in the automotive industry, is projecting substantial growth in sourcing and revenue over the next six years, across its various business sectors, including mobility and wind energy.
The company anticipates that its annual parts sourcing, for both domestic and international markets, will reach approximately €2 billion by 2030. Additionally, ZF expects its total revenue in India to rise to €3 billion, a significant increase from €1.1 billion in 2023.
Peter Laier, Member of the Board of Management at ZF Group, highlighted the expected rise in India’s transportation demand, which is likely to lead to more vehicles on the road and consequently, a higher value per vehicle. Laier also pointed to the Indian government’s substantial investments in sustainable energy, particularly wind energy, as key growth opportunities for the company. He emphasized ZF’s strong confidence in India as a crucial market, driving their significant investments in the country.
The Group’s goal is to boost its Indian sales to €3 billion by 2030-2032, fueled by expansion in its core areas: commercial vehicles, wind transmissions, and other advanced technologies. Laier mentioned that ZF already holds a leading market position in several product categories, especially wind transmissions, where they have made considerable investments. He noted there is still significant potential for growth in other sectors, particularly as India demands new technologies.
ZF is also preparing to meet new safety regulations and technological advancements, such as the mandatory installation of Electronic Stability Program (ESP) systems and electric parking brakes, with anticipated growth in the passenger car market. In the commercial vehicle segment, growth will be driven by regulatory changes and market development.
Akash Passey, President of ZF Group in India, noted the progress in electromobility, especially in two-wheelers, three-wheelers, and buses. Although the adoption of electric vehicles in the passenger car and truck segments is slower, it is gradually increasing.
ZF is also keeping an eye on emerging technologies such as ethanol, biofuels, and hydrogen, in line with the Indian government’s hydrogen policy extending through 2030. However, the company’s primary focus remains on internal combustion engines and electromobility.
From a supplier standpoint, ZF supports its customers with two main pillars: providing transmissions for combustion engines (whether diesel or hydrogen-powered) and offering a modular system for battery-electric and fuel-cell technologies, including electric motors, transmissions, and inverters. ZF Group currently operates 18 manufacturing units and 10 engineering centers in India, with 14 entities, including one joint venture, and employs 16,000 people across the country.
