What is your outlook for the automotive industry in 2016? Where will the major growth thrust come from in the next 2-3 years?
With rapid globalisation and constant innovation, the auto sector is growing by leaps and bounds. We are constantly on the move- from electric cars to next-gen hybrid vehicles. I am certain that this growth trajectory is set to continue in the coming year. After a rather fruitful year, we welcome the coming year and all the challenges and opportunities it brings.
Over the years, ZF was successful in localising high technology products in India and this year on, we will focus on the ‘Make-in-India' theme and source quality products for our global portfolio. We also hope to explore newer verticals and opportunities and establish India as premium sourcing hub globally. The integration of ZF & TRW will also be a major activity in the next 2-3 years.
How well positioned is ZF in India to leverage on the coming growth?
India is considered as a prime destination for low cost products. ZF plans on coupling the same with high end, innovative and futuristic manufacturing technology so as to meet the highest quality standards while justifying the expenses. Over the years, ZF has been working very closely with all its suppliers and its engineers in Germany to deliver superior products and services to the Indian market and have been successful in localising many of the products already.
ZF is well prepared for the future mega trends that we have been observing: from increasing fuel efficiency & reduction of CO2 emission, lightweight designs, electrification and networking to autonomous driving.
Many of these megatrends are already being served by ZF with its production ready technology and for other ZF's R&D teams from across the globe has provided with concepts and studies which will be tried and tested as we continue to evolve.
We are looking at the possibility of engineering in India to adapt global product to the Indian market to improve our competitiveness and presence.
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