ZF Steering Gear India has transferred its leasehold rights of an industrial land situate at Talegaon Industrial Area, Village Navlakh Umbre, Taluka Maval in Pune for a consideration of Rs 47 crore. The land was acquired by the company in May 2011.
ZF Steering Gear was started in 1981 to manufacture mechanical - worm and roller and integral hydraulic power steering gears in financial and technical collaboration with ZF Friedrichafen AG Germany, the world's largest independent steering gears manufacturer. The factory is equipped with advanced specially designed machinery from ZF Germany for manufacturing critical components and includes systematic cluster of wide range of CNC machines and special purpose machines.
