What we do ZF Steering Gear (India) Ltd manufactures and assembles steering systems for commercial vehicles, buses, and tractors, serving India's automotive industry with mechanical and power steering solutions. |
Founded in 1,981 |
Market share Leading supplier of steering systems in India with extensive dealer network covering India, Nepal, Middle East, South Africa, and Bangladesh. |
Problem solved Provides reliable and innovative steering systems enhancing vehicle safety, efficiency, and performance for commercial and agricultural vehicles. |
Top clients or who we serve Supplies to commercial vehicle and tractor manufacturers; primarily B2B serving automotive OEMs and aftermarket segments. |
Key management - |
Our journey and innovations Incorporated in 1981; expanded production capacity multiple times; installed renewable energy projects; established subsidiaries for backward integration and diversification. |
Where we operate India with export presence in Nepal, Middle East, South Africa, and Bangladesh. |
Top products or what we offer Mechanical Steering Gears, Ball and Nut Integral Hydraulic Power Steering Gears for commercial vehicles and tractors. |
Top brands Power Steering Systems - key revenue driver with evolving capacity up to 300,000 units annually; Mechanical Steering Gears with steady growth and market penetration. |
Raw materials needed Steel, castings, machined parts, hydraulic components, and raw materials for electric equipment and aluminium extrusion. |
Raw materials supplier Suppliers include subsidiaries like DriveSys and Metacast for components and castings; external vendors for raw materials. |
Recurring vs cyclical contribution Revenue largely cyclical tied to automotive industry demand with recurring service and aftermarket parts sales. |
Our industry position Top-tier Indian steering system manufacturer with strong JV history and expanding product base in auto components. |
Financial highlights FY 2024-25 revenue around Rs 493.87 crore, net profit Rs 14.92 crore; auto-component segment reported Rs 474.67 crore revenue. |
Geographical revenue split Majority revenue from India (~97%), overseas markets contribute ~3%. |
Order book - |
Whats driving growth Growth driven by commercial vehicle production, expansion of subsidiaries, and renewable energy initiatives reducing costs. |
Our future plans Expand capacity and product portfolio via subsidiaries; diversify into aluminium extrusion and electric equipment components; capital expenditure planned Rs 120 crore. |
Our green promise Operates wind and solar power projects generating surplus clean energy, fueling manufacturing plants for sustainability. |
Our people and values Professional board with diverse expertise; emphasis on employee wellness, safety, and performance with continuous training. |
Key challenges ahead Trademark disputes with ZF Friedrichshafen AG; managing cyclical automotive demand; scaling new business lines profitably. |
Interesting facts Among few Indian auto suppliers with integrated renewable energy capacity; vertically integrated subsidiaries for castings and machining. |
Risks and strategy Risks include legal challenges and market cyclicality; strategy focuses on diversification, backward integration, and operational efficiency. |
