M&A

M&A

ZF Rane Automotive buys out Sun Group's stake in TRW Sun Steering Wheels

Business Line   Sun Steering Wheels Pvt Ltd (TSSW)  

Chennai-headquartered ZF Rane Automotive India Pvt Ltd, which manufactures hydraulic steering gear systems, seat belts, and airbags, has fully acquired Gurugram-based steering wheels manufacturer TRW Sun Steering Wheels Pvt Ltd (TSSW) , a joint venture between ZF Group and Sun Vacuum Formers of Sun Group.TSSW has been designing, developing, and manufacturing steering wheels since 1994. TSSW supplies steering wheels to a diverse set of passenger vehicle customers from its manufacturing plants in Gurugram and Pune.