German car parts maker, ZF Friedrichshafen AG, is setting up an India Technology Center in Hyderabad which will focus on software and mechanical engineering.
The new Technology Center will support ZF’s global development teams while enabling the company to ramp up on local product development.
“This new facility is a significant investment for ZF in India. We are harnessing the skilled talent pool that India has to offer in order to develop superior technology solutions for our global as well as local customers,” said Dr Stefan Sommer, CEO of ZF Friedrichshafen AG.
Over the years, ZF has localized advanced technology products in India. “As demand for software engineering grows, we will exponentially increase our capacity to help meet our customers’ growth aspirations. With this Technology Center, we are reinforcing our global R&D footprint as well as our commitment and investment in the rapidly emerging Indian market,” he added.
The company has around 13,800 engineers currently working in R&D globally. The research and development network consists of more than 100 development locations, including 17 main development locations.
The India Technology Center will be fully operational by 1st January 2017 and is expected to have a work force of 2,500 engineers by 2020.
Mamatha Chamarthi, Senior Vice President and Executive Lead for the new India Technology Center said: “ZF has an impressive history of being the leader and innovator in the auto component sector. We have 1,000 external engineers in the field of electronics, software and mechanical engineering with key Indian Engineering Services providers in Pune, Bangalore and Hyderabad. Our ZF India Technology will build on this engineering foundation, and focus not only on bringing advanced technology to India, but localizing more strategic business activities including research, design and development.”
Source: enterpriseinnovation.net
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