Thursday, March 3, 2016

Post Budget Reaction Quote | Mr Suresh KV, Country Head, ZF in India

Please find appended below a post budget expectation quote by Mr Suresh KV, Country Head of ZF in India and Head of ZF India Pvt. Ltd;

“The much awaited budget presented by Finance Minister, Mr Arun Jaitley shows immense promise.

A net investment of Rs 97, 000 crore in the road sector has been proposed and a total of nearly 10, 000 kms of national highway has been approved by the government. With this proposed advancement in the infrastructure, the country shows that it is now ready for the advent of smart transport options. These initiatives are truly the right ones for stimulating the off- highway products where ZF is present and will be glad to contribute.

Also, the dedicated R&D team of ZF will continue their endeavor to find suitable innovative and futuristic technologies that can be introduced in India.

Additionally, the setting up of 1500 multi skill training institutes would help auto components manufacturers in acquiring skilled talent. The Finance Ministry has also promised to enforce the necessary revisions in Motor Vehicle Act and open up the road transport sector in the passenger cars segment.

All in all, we at ZF are looking forward to this financial year as this budget gives us the motivation to continue on our path of futuristic and sustainable growth.”

Additionally, please find below a brief about ZF India for your kind perusal:

ZF India: ZF has been operating for over three decades in the Indian market. Currently, ZF’s presence in India consists of 9 plants spread across Pune, Pantnagar, Gurgaon, Chennai, Coimbatore and Madurai. The components and systems manufactured in India cater to a wide segment of applications from Construction and Mining sector to Automotive, Commercial vehicle, Wind energy sector and so on. Additionally, ZF Group has a significant presence in India through its global portfolio of products. The Powertrain Technology Division supplies transmissions, axle drives and clutch components, as well as suspension and rubber plastic components in its Chassis Technology Division to OEM’s manufacturing luxury and high performance passenger cars in India. ZF continues to be a dominant player in the premium Bus and Truck segment through its wide product portfolio. The other key focus areas for India include Rail, Defense, Aerospace & Marine. The total approximate resource strength of local employees is 3,000 and is growing by the day.

Request you to let me know if you might require anything further.

Best Regards,
Gunjan Chakravarty
Account Executive

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