German automotive component and services major ZF Friedrichshafen AG on ZF India Supplier Day, the company said it aims to reach $110 million worth of export from India by 2017. The company makes and sells transmissions, axles and chassis components for cars and trucks.
“We want to develop India to a global sourcing hub for ZF,” said Wilhelm Rehm, Member of the Board of Management and responsible for Corporate Materials Management. “India has always had an advantage of a good supplier base, technical capability and availability of skilled talent proving it to be a premier destination for sourcing.”
The company set up a Global Purchasing Office in the ZF Chakan Plant at Pune, 90 miles east of Mumbai, the headquarters for ZF in India. The office will help enable local commodity managers to engage in deeper interaction with the supplier base; it will give the suppliers an opportunity to work with a global organization offering multi-product opportunities. The team will also function as a Regional Commodity Office, allowing ZF to develop a quality portfolio of products for the Indian and overseas markets, reports Autocar Professional.
