ZF Commercial Vehicle Control Systems India Limited SHARE PRICE [LIVE]

About ZF Commercial Vehicle Control Systems India Limited

Today's live share price for ZF Commercial Vehicle Control Systems India Limited is NSE: ₹ 10,350.60, BSE: ₹ 10,328.35 with a current market capitalization of .

WABCO India Ltd (Formerly known as WABCO-TVS India Ltd) is the leading provider for air brake actuation systems for commercial vehicles. The company is a joint venture between TVS Group and WABCO Holdings Inc. The company supplies original equipment fitments for vehicles and trailers manufactures. They have three manufacturing facilities, two in Chennai, Tamil Nadu, and one in Jamshedpur, Jharkhand. The company has pioneered the manufacture of air-assisted and air brake systems for commercial vehicles in India. Their products include air compressors, actuation systems, control valves, anti-lock brake systems and electronic brake systems. Their customers include Ashok Leyland, Tata Motors, Vehicle Factory (Jabalpur), Bharat Earthmovers, Tafe, Volvo, Sutlej, Caterpillar, Eicher Motors, Swaraj Mazda, Force Motors, Mahindra & Mahindra, Tata Cummins (Engines). The company was incorporated on November 18, 2004 as a public limited company with the name Auto (India) Engineering Ltd. The company was established as a wholly owned subsidiary of Sundaram Clayton Ltd. In April 19, 2007, the name of the company was changed to WABCO-TVS India Ltd. During the year 2007-08, the company commenced operations in their new manufacturing facility in a Special Economic Zone (SEZ) at "Mahindra World City" near Chennai. In March 2008, the company entered into the scheme with Sundaram Clayton Ltd in which the company took over the Brakes Business of Sundaram Clayton Ltd with effect from the appointed date January 1, 2007. In June 3, 2009, WABCO Holdings Inc, USA a global technology leader and tier-one supplier to the commercial vehicle industry, raised their ownership position through indirectly owned subsidiary Clayton Dewandre Holdings Ltd, Rotterdam to 75%, which acquired 67,95,684 equity shares from the Indian promoters, namely TVS group, constituting 35.83% of the paid up capital of the company. Thus, the company became the subsidiary of Clayton Dewandre Holdings Ltd. During the year 2009-10, the company obtained "Super Platinum" award, for their manufacturing excellence from Frost & Sullivan. In February 2010, the company agreed to an agreement with Mahindra Navistar Automotives Ltd for development and long term supply of air compressor technology, products for braking systems and clutch servo technology with series production starting in 2010. During 2011, Company changed its name from Wabco-TVS (India) Ltd. to WABCO India Ltd. 2012. The company inaugurated its new manufacturing facility at pantnagar, Uttarkhand. The company also inaugurated its plant 2 at SEZ, Mahindra worldcity, Chennai. During 2015, the company received various awards like, Daimler Indias Innovations Award for the year 2014-15, Tata Motors Supplier of the year award for the year 2014-15, Ashok Leylands Best in class performance in Quality award for the year 2014-15, Volvo Eicher Overall cost excellence award for 2015.