Rane & ZF Partner for Electric Power Steering in India
By Rediff Money Desk, New Delhi Jan 06, 2025 17:43
Rane and ZF announce collaboration to introduce rack drive and column drive electric power steering technologies for the Indian automotive market.
New Delhi, Jan 6 (PTI) Auto component makers Rane and ZF on Monday said they plan to introduce rack drive electric power steering system technologies in the domestic market.
The two companies plan to introduce the new product range through their existing joint venture -- ZF Rane Automotive India Pvt Ltd.
Additionally, Rane and ZF have entered into a license agreement for column drive electric power steering system technology to be used exclusively by Rane Steering Systems for the Indian market, the companies said in a statement.
Rane Group shares over 35 years of relationship with ZF Group.
"The enhanced collaboration with ZF marks a significant milestone in our journey towards offering the next generation of steering technologies to our customers in India," Rane Group Chairman Harish Lakshman said.
ZF Group Head of Global Steering Product Line Theodor Kaster said that with the new phase of strategic partnership ZF and Rane together intend to offer the full range of electric power steering systems to customers in the Indian market.
"We also bundle our engineering forces and offer a unique service to our customers with excellent know-how of modern mechatronic systems," he added.
Headquartered in Chennai, Rane Group is engaged primarily in manufacturing auto components.
ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology.
The two companies plan to introduce the new product range through their existing joint venture -- ZF Rane Automotive India Pvt Ltd.
Additionally, Rane and ZF have entered into a license agreement for column drive electric power steering system technology to be used exclusively by Rane Steering Systems for the Indian market, the companies said in a statement.
Rane Group shares over 35 years of relationship with ZF Group.
"The enhanced collaboration with ZF marks a significant milestone in our journey towards offering the next generation of steering technologies to our customers in India," Rane Group Chairman Harish Lakshman said.
ZF Group Head of Global Steering Product Line Theodor Kaster said that with the new phase of strategic partnership ZF and Rane together intend to offer the full range of electric power steering systems to customers in the Indian market.
"We also bundle our engineering forces and offer a unique service to our customers with excellent know-how of modern mechatronic systems," he added.
Headquartered in Chennai, Rane Group is engaged primarily in manufacturing auto components.
ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology.
Source: PTI
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