A global technology company, ZF has announced the inauguration of its new manufacturing plant in Oragadam. The company opened its tenth facility in Tamil Nadu and 19th in India.
In addition to chassis components, electric components such as the air compressor for light and medium-duty commercial vehicles will soon be produced in the facility, which spans more than 7,000 square meters.
The plant size will be expanded to 15,300 square meters in the second phase of construction. The total investment until 2032 will amount to EUR 200 million.
The division will open a plant in Oragadam, India (Tamil Nadu Province), where electric components will also be produced for the Indian and Asian markets.
The company said, “Our investment underscores India’s strategic importance in the automotive sector, affirming our unwavering commitment to the country’s growth story.”
“We are excited to contribute to India’s automotive evolution and cater to the dynamic needs of both domestic and global markets”, the company added.
“With our plant in Oragadam, we are expanding our global production network that will enable us to meet the expected growing demand of Indian and Asian manufacturers with local production,” explains Professor Dr. Peter Laier, Member of the ZF Board of Management and responsible for the Commercial Vehicle Solutions Division and the Production Function.
“In this production network, our European and German plants, in addition to serving the local European market, play an important role as lead plants for production technology know-how globally. These latest plant development projects therefore strengthen our position as a leading global systems supplier of commercial vehicle technology”, Professor Dr. Peter Laier added.
The plant will see an investment of Rs 1,800 crore and generate 5,000 jobs over ten years. Additionally, over 80% of the workforce at the plant will be women.
Note: We are also on WhatsApp, LinkedIn and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, to subscribe to YouTube – Click Here, and for LinkedIn– Click Here.
