Joint Venture7 Feb 2025, 12:12 am
RACL Geartech Signs Strategic Partnership with ZF Rane for Electric Power Steering System Development
AI Summary
RACL Geartech Limited has entered into a strategic collaboration with ZF Rane (a ZF Group Company) for the joint development and supply of critical components for Electric Power Steering (EPS) systems in the passenger car segment. The partnership aims to supply steering systems tailored to a leading American passenger car OEM's pickup truck platform. This move is a significant step in RACL Geartech's vision to expand its presence in North America and diversify its product offerings in the electric power steering segment for both domestic and export markets. The first prototypes are expected to be manufactured and offered for assembly and testing in Q2 FY 25-26 from RACL Gajraula plant.
Key Highlights
- RACL Geartech Limited has signed a strategic partnership with ZF Rane for joint development of electric power steering systems
- The collaboration focuses on the development and supply of critical components, including ring gears, sun gears, drive gears, and planetary gear assemblies for EPS systems
- The partnership aims to supply steering systems tailored to a leading American passenger car OEM's pickup truck platform
- This move is a significant step in RACL Geartech's vision to expand its presence in North America
- The first prototypes are expected to be manufactured and offered for assembly and testing in Q2 FY 25-26 from RACL Gajraula plant