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About ZF Commercial Vehicle Control System India
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.
Parent Organisation
MNC Associate
Managing Director
M Lakshminarayan
Founded
2004
NSE Symbol
ZFCVINDIA
Community Discussion
A
AngelOne
19th Jun, 2024
Wabco Asia to Divest 5% Stake in ZF Commercial Vehicle Control Systems
Wabco Asia plans to divest 5% of ZF Commercial Vehicle Control Systems India, aiming to raise around Rs.1,423 crore at a share price of Rs.14,980.
Wabco Asia, a part of the Germany-based ZF Group, is set to divest up to 5% of its stake in ZF Commercial Vehicle Control Systems (ZFCV) India. This significant move is expected to generate approximately Rs.1,423 crore. The block deal has been priced at Rs.14,980 per share, marking a slight discount to the stock’s closing price prior to the announcement.
Background
ZF Commercial is a prominent provider of electronic braking, stability, suspension, and transmission control systems to the global commercial vehicle sector. The company serves key markets including South Asia, North America, and the Middle East, maintaining a significant international footprint.
Strategic Implications
This divestment is part of ZF Group’s broader strategy to streamline its investments and possibly reinvest in other key areas of its business. ZF Group, which acquired Wabco globally in 2020, has been focusing on integrating its various acquisitions and optimizing its portfolio to enhance its market position in the commercial vehicle technology sector.
Growth Initiatives
Recently, ZF Group announced a Rs.1,800 crore investment over a decade to establish a new manufacturing plant. Currently operating five facilities, including two in Chennai, two in Jamshedpur, and one in Pantnagar, the company aims to strengthen its production capabilities and meet growing market demands. Over the past six months, ZF Commercial’s shares have risen by 4%, with a notable 37% increase over the last year, reflecting investor confidence.
Shareholding and Financials
As per the latest shareholding pattern, the company’s promoters hold a majority stake of 75%, while DIIs own 15.77%, and FIIs hold a 2.24% stake. ZF Commercial reported a 10% year-on-year revenue growth, reaching Rs.3,784 crore in FY24, up from Rs.3,445 crore in FY23. Concurrently, net profit surged by 27%, climbing from Rs.318 crore to Rs.405 crore.
Market Reaction
Following a significant 5% stake sale by the promoter, ZF witnessed a 6% decline in its stock price. The market responded sharply to the news, reflecting investor uncertainty and potential implications for the company’s strategic direction.
Conclusion
The sale of a 5% stake by Wabco Asia in ZF Commercial Vehicle Control Systems India is a strategic move by the ZF Group to reallocate resources and strengthen its core operations. As the automotive industry continues to evolve with advancements in technology, ZF’s strategic decisions will play a crucial role in maintaining its competitive edge.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
https://www.angelone.in/stocks/wabco-india-ltd?utm_source=web&utm_medium=referral&utm_campaign=community
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Zf Commercial Vehicle Control System India Ltd FAQs
What is the share price of Zf Commercial Vehicle Control System India Ltd (ZFCVINDIA) shares?
Zf Commercial Vehicle Control System India Ltd (ZFCVINDIA) share price as of October 3, 2024, on NSE is Rs 15920.05 (NSE) and Rs 15920.05 (BSE) on BSE.
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1. Direct investment: You can buy Zf Commercial Vehicle Control System India Ltd (ZFCVINDIA) shares by opening a Demat account with Angel One.
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