India: ZF & Hero Group to set up JV company

German automotive components manufacturer ZF Friedrichshafen and Indian firm Hero Motors have signed a contract to establish a joint venture company in India. Through ZF Hero Chassis Systems, ZF hopes to tap into India's significant small car market. Under the deal, ZF is acquiring 50% of Hero Chassis Systems, which includes Subscribe to Automotive World … Continued

• By Webmaster
• March 3, 2010