100% Automobile Import Ban ! Biggest Investment By ZF Wabco In India | बिक गयी भारत में ये कंपनी..पर 

100% Automobile Import Ban ! Biggest Investment By ZF Wabco In India | बिक गयी भारत में ये कंपनी..पर
LINK- timesofindia.indiatimes.com/b...
ZF Wabco plans new plant near Chennai
Auto component major Wabco India -- now part of ZF Group Commercial Vehicle Control Systems Division after the acquisition in May 2020 -- is planning to set up a greenfield factory in Tamil Nadu's Oragadam auto hub.
According to a top company executive, the company's board has already given approval for a "sizeable expansion in the vicinity of Chennai" to cater to both local as well as export demand. The new plant is part of the company's larger strategy to make India an engineering and digital technology hub globally.
P Kaniappan, MD, Wabco India, said: "We are looking for a piece of land for our next expansion project and we want a land parcel in Oragadam. We are working with the government of Tamil Nadu for this. Our board has already approved the proposal." However, he declined to give the financial details of the project.
The new plant is part of Wabco's ambitious strategy to make India a tech and engineering hub. "We are developing Chennai as an engineering centre for commercial vehicles for India as well as globally," said Kaniappan.
"There are a total 900 people working in engineering in India. Of these 100 are in our new global hub for digital technology in Bengaluru and rest in Chennai split between our plant in Ambattur and Porur which is for software development."
German auto parts major ZF currently holds 75% of Wabco India which is Chennai headquartered and also has an entirely export-oriented plant in Mahindra World City.
"We are working towards making India a centre of excellence for engineering for ZF globally," said Kaniappan.
Currently exports comprise 45% of Wabco's revenues while domestic is 40% and after market is 15%, he added.