ZF Steering Looks Up

With the recent changes coming to fore, ZF Steering Gear (India) is looking up. Prateek Pardeshi looks at the key drivers.

- Prateek Pardeshi

Robert Bosch Automotive Steering GmbH (RBAS) and the Munot Family are the major shareholders of ZF Steering Gear

(India) Ltd. (erstwhile ZF Lenkystene GmbH). After RBAS purchased a 100 per cent stake in ZF Lenksysteme GmbH, to turn a majority shareholder, it was renamed ZF Steering India. Known to manufacture, assemble, and sell steering gears, with a focus on both mechanical and hydraulic power steering gears. The production facilities are spread across Pithampur, Madhya Pradesh, and Shirur, Maharashtra. The Munot family owned 41.62 per cent of the business as of December 31, 2022, and RBAS held 25.79 per cent of the company. The recent sale of equity in the Company by RBAS to the Munot family sent the share market in a frenzy.