What Z.F. India does

ZF Steering Gear (India) Ltd. (Z.F. India / ZFI) is a Pune, India-headquartered Tier-1 automotive component manufacturer, incorporated in 1981 as a joint venture with ZF Lenksysteme GmbH — the 50:50 ZF Friedrichshafen / Robert Bosch steering-systems joint venture. The company designs, manufactures, and supplies two core product families: Ball and Nut Integral Hydraulic Power Steering Gears (models 8046 for HCVs with 5–7.7 ton front-axle capacity, 8043 for MCVs at 3.5–5 ton, 8033 for LCVs at 1.3–3.5 ton, and M033 for SUV/MUVs at 0.5–1.5 ton) and Worm and Roller Mechanical Steering Systems (model 7340 plus rack-and-pinion variants for tractors, LCVs and small goods carriers). Supporting components include cast-iron and aluminium vane pumps (70–150 bar, adjustable flow 9–16 LPM), oil reservoirs, steering columns, intermediate shafts, universal joints, bevel gear boxes, pump pulleys, mounting brackets, and a proprietary Dexron II power-steering oil. Manufacturing uses 33 HMCs, 27 VMCs, 27 CNC turning centers, 48 SPMs, a 22-furnace heat-treatment facility capable of 500T/month, a six-stage iron-phosphate automated paint shop delivering 500-hour salt spray life, and Pokayoke-based zero-defect assembly lines, all operated under IATF 16949:2016, ISO 14001 and ISO 45001 certifications at the Vadu Budruk (Pune) plant, with a second plant at Pithampur.

The company operates a B2B, OEM-embedded go-to-market: it is a Tier-1 supplier of safety-critical steering systems to commercial-vehicle OEMs (Tata Motors, Ashok Leyland, Daimler India, MAN Trucks, Mahindra Trucks & Buses, VE Commercial Vehicles/Eicher, Volvo Group, Force Motors, JCBL-Cerita), passenger-vehicle OEMs (Tata Motors passenger cars, SUV/MUV programmes), and tractor OEMs (Mahindra & Mahindra, Escorts, TAFE, Piaggio). Revenue is generated through multi-year, quote-based B2B OEM supply contracts with billing per shipment; pricing is not publicly disclosed. The company also runs an aftermarket channel through over 100 dealers and distributors across India and export markets in Nepal, South Africa, Singapore, and the Middle East. FY2025-26 standalone revenue was ₹556.74 crore with ₹31.78 crore net profit; FY2026 consolidated sales reached ₹571.06 crore at +15.63% YoY with ₹15.39 crore net profit.

Group structure includes three wholly-owned subsidiaries: DriveSys Systems (aluminium/electrical division, secured a ₹151 crore renewable-energy aluminium-components order), Metacast Auto (castings and auto components; commercial production commenced 2024), and NexSteer Systems (steering systems). Recent strategic activity includes a June 2026 Framework Co-operation Agreement with Hubei Tri-Ring (China) for joint development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies, a 2026 supply deal for AxTrax 2 LF electric portal axles for city buses, commissioning of a 5 MW solar project, and ACMA leadership (Chairman Dinesh Munot elected ACMA President; Managing Director Utkarsh Munot on ACMA Executive Committee), positioning the group along the migration from mechanical/hydraulic steering to electrified and software-augmented steering solutions.

Name

Z.F. India

Legal name

ZF Steering Gear (India) Ltd.

Website

https://zfindia.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ZF Steering Gear (India) Ltd. is a Pune-based Tier-1 automotive supplier that designs, manufactures, and supplies integral hydraulic power steering systems and worm-and-roller mechanical steering gears to commercial-vehicle, passenger-vehicle, and tractor OEMs in India, with exports across South Asia, Africa, and the Middle East.

Ownership category

akta.pro rank

Product category

Automotive Steering Systems

NAICS

Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (33633), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612)

SIC

Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Steering Systems & Components (Columns/Racks/EPS Pumps & Motors) (IMACAIAB)

akta.pro secondary industries

Aftermarket Suspension & Steering Components Manufacturing (Shocks/Struts/Bushings/Tie Rods) (IMACANAC), Linear Motion & Mechanical Power Transmission (Ball/roller screws, linear guides, bearings, couplings) (IMAHAGAM)

Keywords

• Hydraulic power steering
• Automotive steering systems
• Ball and nut steering gears
• Vane pumps manufacturing
• Rack and pinion steering

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Steering Systems and Auto Components Manufacturing: ZF Steering Gear (India) generates revenue by manufacturing and supplying integral hydraulic power steering systems, mechanical steering systems, and related auto components (vane pumps, oil reservoirs, steering columns, universal joints, bevel gear boxes) to automotive OEMs and through aftermarket channels. FY2025-26 total revenue was ₹556.74 crore.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ZF Steering Gear (India) Ltd. designs, manufactures, and supplies integral hydraulic power steering systems (Ball and Nut, Rack and Pinion), mechanical steering systems (Worm and Roller, Rack and Pinion), and supporting hydraulic ancillaries including Vane Pumps, Oil Reservoirs, Steering Columns, Intermediate Shafts, Universal Joints, Bevel Gear Boxes, Pump Pulleys, Mounting Brackets, and Power Steering Oil. The portfolio is targeted at commercial vehicle, passenger vehicle, and tractor OEMs as well as the automotive aftermarket. Production is distributed across five Indian plants in Pune, Srinagar, Pantnagar, Daman, and Pithampur, backed by an in-house R&D centre.

Product overview

ZF Steering Gear (India) Ltd. is a pioneer in the manufacture and supply of integral hydraulic power steering systems and worm & roller mechanical steering systems in India, established as a joint venture with ZF Friedrichshafen AG. The product portfolio is organized around two core steering gear families — the Ball and Nut Integral Hydraulic Power Steering line (covering Heavy Commercial Vehicles models 8046 and 8043, Medium/Heavy vehicles model 8043, Light Commercial Vehicles model 8033, and SUVs/MUVs model M033) and the Worm and Roller Mechanical Steering line (model 7340 for tractors and LCVs, plus Rack & Pinion variants for passenger cars and goods carriers). These core systems are supported by a complementary range of sub-components including cast iron and aluminum vane pumps, oil reservoirs, steering columns, intermediate shafts, universal joints, bevel gear boxes, pump pulleys, and mounting brackets. The company also supplies a dedicated power steering oil (Dexron II). ZF India additionally operates three wholly-owned subsidiaries — Drivesys Systems Private Limited (aluminum components, electrical division), Metacast Auto Private Limited (castings), and NexSteer Systems Private Limited — which extend the product ecosystem beyond pure steering hardware into adjacent manufacturing areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Ball and Nut Power Steering Gear 8046 Integral hydraulic power steering gear in the 8046 series, designed for heavy commercial vehicle OEMs requiring high-torque assisted steering.
• Ball and Nut Power Steering Gear 8043 Integral hydraulic power steering gear in the 8043 series, targeted at commercial vehicle OEMs needing assisted steering at high load ratings.
• Ball and Nut Power Steering Gear 8033 Integral hydraulic power steering gear in the 8033 series, designed for lighter commercial vehicle and higher-volume utility applications.
• Ball and Nut Power Steering Gear M033 Integral hydraulic power steering gear in the M033 series, offered within the Ball and Nut family for commercial vehicle OEMs.
• Rack and Pinion Power Steering Hydraulic rack and pinion power steering assembly supplied to passenger vehicle OEMs for assisted steering in compact and midsize car platforms.
• Worm and Roller Mechanical Steering 7340 Worm and roller mechanical steering gear in the 7340 series, supplied unassisted (manual) to commercial vehicle and tractor OEMs.
• Worm and Roller Mechanical Steering 7335 Worm and roller mechanical steering gear in the 7335 series, used by commercial vehicle and tractor OEMs for non-assisted steering.
• Rack and Pinion Mechanical Steering 7300 Manual rack and pinion mechanical steering gear in the 7300 series, supplied to passenger vehicle and light commercial vehicle OEMs requiring non-assisted steering.
• Vane Pumps Vane-type hydraulic pumps that generate the pressurised fluid used by the company's hydraulic power steering gears, sold as a standalone sub-assembly to OEMs and the aftermarket.
• Oil Reservoirs Reservoir tanks that hold power steering fluid for hydraulic steering systems, sold alongside pumps and gears to OEMs and the aftermarket.
• Steering Columns Steering column assemblies supplied as standalone modules to OEMs, connecting the steering wheel to the steering gear and integrating tilt and safety features.
• Intermediate Shafts Steering column intermediate shafts connecting the steering column to the steering gear, sold as standalone components to OEMs and aftermarket customers.
• Universal Joints Universal joints for steering shaft drivelines, supplied as standalone service-able components to OEMs and the aftermarket.
• Bevel Gear Boxes Bevel gear boxes that route and multiply torque in hydraulic power-assisted steering systems, sold as standalone sub-assemblies to OEMs and aftermarket customers.
• Pump Pulleys Pulleys that drive engine-mounted hydraulic power steering pumps, supplied as standalone spare components to OEMs and the aftermarket.
• Mounting Brackets Mounting brackets used to install steering gears and pumps onto vehicle chassis, sold as standalone components to OEMs and aftermarket customers.
• Power Steering Oil Branded hydraulic power steering fluid sold in the aftermarket for service refills on vehicles equipped with the company's hydraulic steering systems.

Quantifiable outcome

• FY2025-26 total revenue of ₹556.74 crore with net profit of ₹31.78 crore
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Hubei Tri-Ring Motor Steering Gear Co. Ltd. (China)coreTechnology or Integration · 29 June 2026ZF Steering Gear (India) entered into a Framework Co-operation Agreement with Hubei Tri-Ring Motor Steering Gear Co. Ltd. on June 29, 2026, for joint development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies in India. The preliminary agreement establishes a framework for further technical and commercial discussions. The transaction is explicitly stated not to be a related party transaction. Stock price increased 6.45% following the announcement.
• ZF Lenksysteme GmbH (Germany)coreTechnology or Integration · 1 January 1981ZF Steering Gear (India) was established in 1981 as a joint venture with ZF Lenksysteme GmbH (ZFLS). ZFLS stands for 'Zahnrad Fabrik Lenksysteme', a division of Zahnradfabrik Friedrichshafen. Since 1990 it has been a 50:50 joint venture between ZF Friedrichshafen and Robert Bosch manufacturing steering systems. ZF India retains its joint venture relationship with ZFLS, providing access to global steering technology.
• NexSteer Systems Private LimitedcoreOthersWholly-owned subsidiary of ZF Steering Gear (India) Limited. Mr. Dinesh Munot serves as Chairman and Mr. Utkarsh Munot serves as Director. Part of ZF India's diversification strategy into related auto component segments.
• Metacast Auto Private LimitedcoreOthersMaterial subsidiary of ZF Steering Gear (India) Limited, identified as such. The company has acquired industrial land and commenced commercial production. Also received rights issue share acquisition. Part of ZF India's expansion strategy.
• DriveSys Systems Private LimitedcoreOthersMaterial subsidiary of ZF Steering Gear (India) Limited. Wholly-owned subsidiary. Acquired two factory premises for its electrical division on sub-lease basis. Secured ₹151 crore order for manufacturing machined aluminum parts for a renewable energy project. Commenced commercial production. Mega project underway.
• Emtech Solutions Pvt. Ltd.minorOthersCompany associated with SONGZ Automobile Air Conditioning Co. Ltd. China. Mr. Utkarsh Munot serves as Director, indicating a technology/business partnership for automobile air conditioning solutions.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Others

• Sona Comstar: Indian listed manufacturer of driveline and EV components for automotive and off-highway markets — comparable Tier-1 Indian auto-component manufacturer pivoting into EV with similar OEM-embedded business model to ZF India.
• Tata AutoComp Systems Limited: Indian Tier-1 auto-component supplier across chassis, powertrain, electronics and electricals serving passenger and commercial vehicle OEMs — comparable Indian Tier-1 OEM-embedded business model and customer overlap (Tata Motors).

Regional players

• Thyssenkrupp AG: German industrial group with steering and chassis component operations supplying global OEMs; operates with limited India-specific steering exposure relative to ZF India but competes in global steering technology and OEM platforms.

Direct peers

• Mando Automotive India: Indian arm of South Korea's Mando Corporation, supplying steering, suspension and brake systems to automotive OEMs in India — directly comparable to ZF India in steering systems manufacturing for the Indian market.
• JTEKT India Limited: Indian listed subsidiary of Japan's JTEKT Corporation (formerly Sona Koyo Steering Systems); manufactures steering systems and components for passenger vehicles and commercial vehicles in India — directly competes with ZF India for OEM steering sockets.
• Rane NSK Steering Systems Limited: Joint venture between India's Rane Group and Japan's NSK Ltd., manufacturing electric and hydraulic power steering systems for passenger vehicles and two-wheelers in India — a primary direct competitor to ZF India in steering gears.

Broad incumbents

• Schaeffler India Limited: Indian listed arm of Germany's Schaeffler Group, manufacturing steering columns, chassis and powertrain components for OEMs — broader auto-component incumbent with steering-adjacent product portfolio comparable in OEM-customer model.
• Bosch Limited: Indian listed subsidiary of Robert Bosch GmbH; broad automotive component manufacturer with overlapping exposure to steering pumps and steering systems through the global ZFLS joint venture — a broader auto-component incumbent with steering adjacency.
• Endurance Technologies Limited: Indian listed auto-components manufacturer supplying suspension, braking and transmission products to two-wheeler, passenger-vehicle and commercial-vehicle OEMs — comparable Tier-1 supplier model and Indian OEM customer base.
• ZF Commercial Vehicle Control Systems India Limited: Indian listed subsidiary of ZF Friedrichshafen (formerly WABCO India); supplies braking, steering and driveline technologies for commercial vehicles — same parent group as ZF India, with broader CV-systems portfolio overlapping ZF India's steering franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zf-steering-gear-india-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Z.F. India