How was the last one year for your company?
The past year saw a flurry of activities for ZF in India, the highlights being the launch of our multi product facility in Chakan and Chennai facility for front and rear axles for passenger cars. Our intention of local for local was further reinforced when we started manufacturing Dual Mass Flywheels in the second half of 2015 at our Chakan facility.

Also with the acquisition of TRW, ZF has joined the top 3 in the global automotive supplier industry and thereby supplements its competency portfolio as well as its worldwide market presence in order to serve the global and local megatrends better.

In the aftermarket space, ZF strengthened its network and extended its product offerings in the automotive and the non-automotive segments. We introduced high performance transmissions, followed by chassis components both for commercial vehicles and passenger cars. We have enhanced this product portfolio by launching passenger car clutch systems.

These are specially designed to meet the demanding driving conditions. The business unit is now increasing its focus further on market and dealer development. One of the initiatives in this direction is the Dealer Development, wherein we have put a lot of focus on close collaborations with our authorized Dealers and Services Partners for better market penetration and customer support.

The Industrial Technology Division represented by the Windpower technology and the Off-Highway Systems also saw some positive developments. The Windpower business unit which offers gearboxes saw a strong growth of +25 percent yoy. Advanced discussions with OEMs in the Off-Highway Systems provide a promising growth moment for a segment that saw turbulent times in the last year.

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