German-based automobile supplier ZF Group will establish a transmission and axle manufacturing Plant at Coimbatore.

The new facility will spread over 12,000 sq. mt to cater to the domestic and export markets.

The company said, "The plant, together with the main hub in Germany, will support the production capacity needed for the future market growth in the global construction equipment market, the company said.

Akash Passey, President ZF Group India, said, "This move makes us more agile in meeting customer expectations and enables our customers to get easy access to our world-leading technologies with local manufacturing competencies. The economic tailwinds of growing urbanisation and the key thrust on infrastructural growth, makes ZF Group in India positive about the market and the opportunities.”

Passey added, "This new plant and localisation of transmissions and axles at our plant in Coimbatore will further our ambition of Make in India."

ZF Group manufactures hydraulic and electro hydraulic braking systems catering to the heavy duty, off-highway, construction, mining, and agriculture sectors.