ZF Commercial Vehicle Control System India inaugurated its new manufacturing plant in Oragadam, Tamil Nadu. Spread over an area of 44.08 acres, the new manufacturing facility, which is phase I of the project, covers an area of 7200 sq. meters facility and displays ZF`s state-of-the-art production technology. The Oragadam plant aligns with ZF`s objective of �Make in India for India and the World` approach, highlighting the company`s thrust towards local manufacturing excellence while simultaneously catering to global demands. This multi-divisional facility will play a critical role in pioneering innovative solutions in Safety, Automated, Connected, and Electric domains for commercial and passenger vehicles to deliver Next Generation Mobility and grow exports as a center of excellence for manufacturing and frugal engineering. To meet the increasing demand from customers, ZF plans to boost its workforce at the Oragadam plant over the next decade and will employ predominantly women on this site. Powered by Capital Market - Live News

Net profit of ZF Commercial Vehicle Control System India rose 18.05% to Rs 100.84 crore in the quarter ended December 2023 as against Rs 85.42 crore during the previous quarter ended December 2022. Sales rose 2.56% to Rs 898.51 crore in the quarter ended December 2023 as against Rs 876.06 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales898.51876.06 3 OPM %14.8713.70 - PBDT161.65143.69 12 PBT135.42115.65 17 NP100.8485.42 18 Powered by Capital Market - Live News

The Board of ZF Commercial Vehicle Control System India at its meeting held on 30 January 2024 has approved the appointment of Rashmi Urdhwareshe (DIN 08668140) as a Non Executive Independent Director for a term of five consecutive years from 20 March 2024. Powered by Capital Market - Live News

ZF Commercial Vehicle Contl.Sys.India will hold a meeting of the Board of Directors of the Company on 30 January 2024.Powered by Capital Market - Live News

ZF Commercial Vehicle Control System India has appointed Sweta Agarwal as Chief Financial Officer/ Key Managerial Personnel of the Company with effect from 10 January 2024. Powered by Capital Market - Live News