Announced Mon, 7 Sept, 2026 · 15:03 IST
Subsidiary DriveSys begins commercial production at Electrical Division
ZFSTEERING · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹667.00
prior close
₹661.00
base price
In-mkt
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AI summary
ZF Steering Gear India's wholly owned subsidiary DriveSys Systems has commenced commercial production at its new Electrical Division in Maharashtra on September 7, 2026. The facility at Ahilyanagar will manufacture MCCB/MCB, RCB and Electrical Coils with monthly installed capacity of 12 lakh MCBs, 40,000 RCBs and 1.5 lakh Electrical Coils.
Likely market impact
Marks the group's entry into electrical components via subsidiary, diversifying revenue beyond the core steering gear business.