ZF Friedrichshafen AG, a German specialist in safety, driveline and chassis technology of automobiles inaugurated its first Indian Technology Centre in Hyderabad.
According to PTI, ZF CEO Dr. Stefan Sommer said that the ZF ITC strengthens ZF’s presence in the country with anticipated investment plans of 15 million over the next five years. The ITC will foster high-end innovations which will focus on bringing advanced technology to India as well as localising more strategic business activities including research, design and development for global market initiatives.
It also aims to leverage one of the finest academic research communities and the increasingly recognised rich and diverse talent pool for global development projects.
The new Technology Centre will be dedicated to electronics, embedded software and mechanical engineering.
A company statement said that it will support ZF’s global development teams while enabling the company to accelerate local product development supporting ZF automotive and non-automotive operations and customers in India.
