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ZF Commercial Vehicle Control Systems India Limited ( (IN:ZFCVINDIA) ) has provided an announcement.
ZF Commercial Vehicle Control Systems India Limited has clarified that the recently announced sale by its ultimate holding company, ZF Friedrichshafen AG, of certain Advanced Driver Assistance Systems (ADAS) activities to Harman International Inc. relates only to ZF’s passenger car ADAS division and has no impact on its commercial vehicle business or Indian operations. The company stressed that all ADAS development, supply, service, and customer programs for commercial vehicles within the ZF CVS division remain unchanged, with existing contracts, delivery schedules, engineering support, and its ongoing ADAS roadmap for trucks, coaches and buses continuing uninterrupted, including the ADAS business nomination it recently secured from an Indian e-mobility commercial vehicle OEM.
More about ZF Commercial Vehicle Control Systems India Limited
ZF Commercial Vehicle Control Systems India Limited, formerly WABCO India Limited, operates in the commercial vehicle components and systems industry, focusing on advanced braking, safety, and control technologies for trucks, buses, and other commercial vehicles. As part of ZF Group’s Commercial Vehicle Solutions (CVS) division, the company serves OEMs and fleet operators, including emerging e-mobility commercial vehicle manufacturers in India.
Average Trading Volume: 3,428
Technical Sentiment Signal: Strong Buy
Current Market Cap: 269.9B INR
See more insights into ZFCVINDIA stock on TipRanks’ Stock Analysis page.