Firstcall's reserach report on ZF Steering GearZF Steering Gear (India) Ltd (ZFINDIA) was incorporated in the year 1980 as a joint venture zf Friedrichshafen ag. ZF Steering Gear (India) Ltd (ZFINDIA) a Pioneer in Manufacturing and Supply of Ball and Nut Integral Hydraulic Power & Worm and Roller Mechanical Steering System in India and having joint venture with M/s. ZF Lenksysteme GmbH. The plant is located at village Vadu Budruk, Taluka- Shirur, 28 Km away from Pune on Pune - Ahmednagar Highway, in the western part of India. Pune is a major automotive hub with OEM like Force Motors ,General Motors, Mercedes Benz, Mahindra Trucks & Bus Ltd, TATA Motors, etc. The company has installed capacity of 2,00,000 units of Worm and Roller Mechanical Steering Gears and 2,50,000 units of Ball and Nut Integral Hydraulic Power Steering Gears and 60,000 units of Mechanical Rack & Pinion Steering Gears per annum.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 1800.00 for Medium to Long term investment.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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