Partnership29 Jun 2026, 02:22 pm
ZF Steering Gear India inks cooperation pact with Hubei Tri-Ring Motor
AI Summary
ZF Steering Gear India Ltd has entered into a Framework Co-operation Agreement with Hubei Tri-Ring Motor Steering Gear Co. Ltd., China. This agreement establishes a framework for collaboration on the development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies within India. The agreement is preliminary and sets the stage for further discussions. It is considered to be in the ordinary course of business and is not a related party transaction.
Key Highlights
- Framework Co-operation Agreement signed with Chinese firm.
- Focus on developing EHPAS assemblies in India.
- Agreement is preliminary, paving way for further talks.
- Transaction is in the ordinary course of business.
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