"ZF Group Aims for €2 Billion in Annual Sourcing by 2030"

ZF Group, a leading global supplier of auto parts, is set to experience substantial growth in sourcing and revenue across all its business sectors, including mobility and wind energy, over the next six years.

The company anticipates its annual sourcing of parts, both locally and globally, to reach approximately €2 billion by 2030. Additionally, ZF Group projects its total revenue in India to rise to €3 billion, a significant increase from €1.1 billion in 2023.

Peter Laier, a Member of the Board of Management at ZF Group, stated, “With the growing transportation needs in India, we foresee an increase in the number of vehicles on the road, which will elevate the value per vehicle. In the wind energy sector, the Indian government’s large-scale investments in sustainable energy present immense growth opportunities for us. We expect robust growth across all three pillars of our business, and our commitment to the Indian market drives our substantial investments here.”

ZF aims to boost its sales in India to €3 billion by 2030-2032, supported by expansion in its core areas: commercial vehicles, wind transmissions, and advanced technologies.

Laier emphasized ZF’s market leadership in several product areas, particularly in wind transmissions, where the company has made significant investments and holds a strong market share. He noted that there is still considerable potential for growth in other business areas, as India increasingly requires the technologies that ZF offers.

The company is also gearing up to meet new safety regulations and technological demands, such as mandatory ESP installations and electric parking brakes, with anticipated growth in the passenger car segment. In the commercial vehicle sector, growth is expected to be driven by regulatory changes and market expansion.

Akash Passey, President of ZF Group in India, highlighted the progress in electromobility, particularly in two-wheelers, three-wheelers, and buses. While adoption is slower for passenger cars and trucks, it is steadily increasing.

ZF Group is closely monitoring developments in emerging technologies such as ethanol, biofuels, and hydrogen, in line with the Indian government’s hydrogen policy, which extends through 2030. Despite these advancements, ZF’s primary focus remains on internal combustion engines and electromobility.

As a supplier, ZF supports its customers through two main pillars: providing transmissions for combustion engines (diesel or hydrogen) and offering a modular system for battery-electric and fuel-cell technologies, including electric motors, transmissions, and inverters.

ZF Group currently operates 18 manufacturing units and 10 engineering centers across India, with 14 entities (including one joint venture) and a workforce of 16,000 employees.

HBL