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 It’s time to log … Continued

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

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