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ZF Group to set up tech centre in Hyderabad
German car parts maker, ZF Friedrichshafen AG (ZF Group), is setting up its first India technology centre (ITC) in Hyderabad, which will be dedicated to electronics-embedded software and mechanical engineering.
Hyderabad: German car parts maker, ZF Friedrichshafen AG (ZF Group), is setting up its first India technology centre (ITC) in Hyderabad, which will be dedicated to electronics-embedded software and mechanical engineering. Besides, 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.
Towards this, the company signed a letter of intent (LoI) with the Telangana government in the presence of State IT and Industries Minister and other officials here on Thursday. The ITC will be fully operational by January 2017 and is expected to have a workforce of 2,500 engineers by 2020, including the 1,000 engineers who are currently working with ZF. The company also has an existing team of mechanical engineers based in Pune and Coimbatore to address the local market requirements of automotive and non-automotive OEMs.
ZF, which reported sales of euro 29.2 billion in 2015, currently has a global workforce of around 135,000 across 230 locations in 40 countries. It annually invests approximately five per cent of its sales in R&D. “India offers a huge, technologically-competent talent pool which aligns with the growing demand from our customers for advanced software, electronics and mechanical engineering.
Access to this diverse talent base, coupled with a progressive local government and robust infrastructure, has made Hyderabad favorable for setting up the first technology centre for ZF in India,” said Mamatha Chamarthi, Senior Vice-President and Executive Lead for the new ITC.
