ZF Steering Gear (India) Ltd announced that its wholly owned subsidiary, DriveSys Systems Pvt Ltd, has acquired two adjacent factory premises on sub-lease in Maharashtra. The agreements, signed with Om Tejshree Enterprises and Microtech Industries, strengthen DriveSys’s electrical division and highlight the company’s strategic expansion in India’s manufacturing sector.
ZF Steering Gear (India) Ltd has disclosed that its subsidiary, DriveSys Systems Pvt Ltd, has entered into agreements to acquire two factory premises on sub-lease in Maharashtra. The deals were finalized with Om Tejshree Enterprises and Microtech Industries, marking a significant step in expanding DriveSys’s operational capacity for its electrical division.
The acquisition underscores ZF Steering Gear’s commitment to scaling its manufacturing infrastructure and supporting long-term growth in India’s automotive and industrial components market. By securing adjacent premises, DriveSys aims to streamline production, enhance efficiency, and strengthen its supply chain capabilities.
Key Highlights:
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Subsidiary Expansion: DriveSys Systems Pvt Ltd acquires two factory premises on sub-lease.
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Partnerships: Agreements signed with Om Tejshree Enterprises and Microtech Industries.
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Strategic Location: Premises situated in Maharashtra, a key industrial hub.
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Operational Focus: Facilities dedicated to DriveSys’s electrical division.
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Growth Outlook: Move expected to boost production capacity and operational efficiency.
This expansion reflects ZF Steering Gear’s proactive approach to strengthening its subsidiary operations and positioning itself for sustained growth in India’s evolving industrial landscape.
Sources: BSE India, Rediff Money, Economic Times