ZF Rane Automotive India Acquires TRW Sun Steering Wheels

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Steering-wheels

ZF Rane Automotive India Pvt Ltd has announced its acquisition of TRW Sun Steering Wheels Pvt Ltd, a leading manufacturer of steering wheels, for an undisclosed amount. This acquisition marks a significant move for ZF Rane Automotive India, positioning the company as a key player in providing comprehensive solutions in occupant safety and system integration services to its domestic customer base.

TRW Sun Steering Wheels (TSSW), based in Gurugram and Pune, is a joint venture between the Sun Group and ZF Group globally. The company specializes in manufacturing various types of steering wheels for the Indian market and has established itself as a trusted supplier to a diverse range of passenger vehicle customers.

Commenting on the acquisition, ZF Rane Automotive India highlighted the strategic advantage of this move, stating that it will enhance the company’s ability to cater to the growing demand for high-quality steering wheels in India. With this acquisition, ZF Rane Automotive India aims to strengthen its position as a leading provider of automotive components and solutions in the country.

ZF Rane Automotive India is a joint venture between ZF Group in India and Rane Group, both of which are renowned names in the automotive industry. This acquisition further solidifies ZF Rane Automotive India’s commitment to innovation and excellence in the automotive sector and underscores its dedication to providing cutting-edge solutions to its customers.

In a recent development, ZF Rane Automotive India announced its acquisition, emphasizing the seamless integration and enhanced value it will bring to both existing and new customers. Harish Lakshman, Vice Chairman and Managing Director of Rane Group, highlighted the strategic importance of this acquisition, particularly noting the expanded capabilities that will benefit customers.

Harish emphasized that the acquisition will strengthen their presence, especially in west and north India, where the acquired company, TSSW, has a significant presence. Adding to this, Akash Passey, President of ZF Group India, expressed his enthusiasm for the acquisition, emphasizing its role in consolidating their leadership in the domestic market.

Passey emphasized the technological prowess of the ZF Group and how it complements the manufacturing strength of the Rane Group. Passey also noted that this acquisition will enable them to support a larger customer base across the region, thanks to the comprehensive portfolio now available to them. This move is expected to further enhance the companies’ capabilities and offerings in the automotive sector.

ZF Rane Automotive India is a joint venture between ZF Friedrichshafen AG and Rane Group, operating in India since 2010. ZF Rane manufactures and supplies steering and suspension components for passenger cars and commercial vehicles. With a focus on quality and innovation, the company has established itself as a key player in the automotive industry. ZF Rane’s products are known for their reliability and performance, contributing to the success of vehicles on Indian roads.

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