ZF Friedrichshafen AG, a German specialist in safety, driveline and chassis technology of automobiles, today inaugurated its first Indian Technology Centre here.
"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," ZF CEO Dr. Stefan Sommer said.
The new Technology Centre will be dedicated to electronics, embedded software and mechanical engineering.
"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," a company statement said.
ZF Chief Digital Officer Mamatha Chamarthi said that as the demand for software engineering grows, ZF will exponentially increase capacity to help meet customers' growth aspirations in both the global and local market.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
