Chennai, India, March 29, 2024 – In a significant move that positions it as a leader in occupant safety solutions in India, ZF Rane Automotive India Private Limited, a collaboration between the ZF Group and Rane Group, announced the complete acquisition of TRW Sun Steering Wheels Private Limited (TSSW). This acquisition marks a strategic expansion of ZF Rane Automotive India’s product range into steering wheel manufacturing, complementing its existing lineup of hydraulic steering gear systems, seat belts, and airbags for the automotive industry.
TSSW, headquartered in Gurugram, is recognized for its excellence in producing a wide array of steering wheels for the Indian market, bringing nearly three decades of expertise to the table. As a joint venture between the Sun Group and ZF Group globally, TSSW boasts a strong footprint in the country, supplying to a diverse customer base from its state-of-the-art manufacturing facilities located in Gurugram and Pune.
The integration of TSSW under the ZF Rane Automotive India umbrella is anticipated to bolster the company’s commitment to offering comprehensive safety solutions and system integration services to its clientele across India. This acquisition is seen as a pivotal step towards reinforcing the company’s presence in the western and northern regions of the country.
Harish Lakshman, Vice Chairman of the Rane Group and Managing Director of ZF Rane Automotive India Pvt. Ltd., highlighted the strategic benefits of the acquisition, stating, “This acquisition will seamlessly integrate and enable ZF Rane Automotive India to deliver exceptional value to existing and new customers with enhanced capabilities. With TSSW’s extensive presence in west and north India, this acquisition will strategically strengthen our position to serve the customers.”
Echoing the sentiment, Akash Passey, President of ZF Group India, shared his enthusiasm about the acquisition, “The acquisition of TSSW consolidates our leadership in the domestic market, building on the technological competence of the ZF Group with the manufacturing prowess of the Rane Group. This strategic move enables us to offer a more comprehensive portfolio to our customers, further strengthening our brand and enhancing customer value.”
This acquisition is a testament to ZF Rane Automotive India’s commitment to leading the market in occupant safety solutions and marks a significant milestone in its journey towards becoming a comprehensive solutions provider in the Indian automotive sector.
