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In March 2014, ZF broke ground on the 10th plant in India, and the company will invest Rs 1.5 billion (about US$ 25 million) in this project.
The new plant, located in Chakan, near Pune, India, will integrate ZF’s passenger car powertrain and commercial vehicle technology and services business in the future. The new plant is scheduled to be operational in 2015 and will employ 350 employees to develop powertrains for passenger cars and components for commercial vehicles.
In 2013, ZF generated US$3 billion in operating revenue in the Asia-Pacific region, of which India’s market share accounted for 4% to 5%. In the Indian market, 50% of ZF’s operating revenue comes from commercial vehicle parts business, and passenger car and industrial parts business account for 40% and 10%, respectively.
ZF is currently supporting electric power steering systems for Tata's NanoTwist small cars, and the company is now working hard to increase its presence in the popular passenger car market in India.
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