On June 29, 2026, ZF Steering Gear (India) Limited announced its entry into a Framework Cooperation Agreement with Hubei Tri-Ring Motor Steering Gear Co. Ltd., China.
This agreement aims to establish a framework for collaboration in the development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies in India.
The agreement between ZF Steering Gear India and Hubei Tri-Ring China is preliminary and serves as a foundation for further discussions. It is not a related party transaction and is considered to be in the ordinary course of business.
The cooperation focuses on the development of EHPAS assemblies, which are crucial for modern automotive steering systems.
The collaboration is expected to facilitate the exchange of expertise and technology between the two companies, enhancing the development capabilities in the Indian market.
In the March 2026 quarter, ZF Steering Gear (India) Limited's consolidated revenue stands at ₹174.34 crore, reflecting a 27.24% year-on-year (YoY) increase from ₹137.02 crore in the corresponding quarter of the previous year.
This also represents a 21.72% increase from ₹143.23 crore in the December 2025 quarter.
Net profit for the March 2026 quarter swung to a net loss of ₹0.89 crore, marking a 136.93% YoY decline from a profit of ₹2.41 crore in the March 2025 quarter.
However, it showed an 112.23% decrease from a positive net profit of ₹7.28 crore in the December 2025 quarter.
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As of June 29, 2026, at 2:32 PM, ZF Steering Gear share price on NSE was trading at ₹702.55, up by 3.90% from the previous closing price.
ZF Steering Gear India's cooperation agreement with Hubei Tri-Ring China establishes a framework for developing Electric Hydraulic Power Assisted Steering assemblies in India. The agreement is preliminary and aligns with regulatory requirements, aiming to enhance technological capabilities.
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Published on: Jun 29, 2026, 3:56 PM IST
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