ZF has opened its technology centre in India to focus on developing electronics and software for automotive and industrial applications.
This will reinforce the supplier's global research and development network while expanding local product development in India, ZF said.
"ZF is growing substantially in many regions and this is especially true in India. We are delighted to now be part of the business hub in Hyderabad known as the Innovation Centre," said CEO Stefan Sommer during the inauguration ceremony.
ZF announced plans to build the centre in September 2016. Around EUR15m will be spent over five years, and 2,500 engineers will be employed by 2020.
Mamatha Chamarthi, chief digital officer, added: "The centre fits seamlessly into our research and development network and will become a pillar of innovation for the company. The demand for software solutions is growing, and we are increasing its capacity in this field exponentially. This will help us support our customers' growth aspirations in both global and local markets."
ZF said it was taking advantage of the country's large talent pool to further develop its portfolio of intelligent mechanical systems.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData