German auto parts major ZF sells 7.5% stake in India arm

ZF, the Germany-headquartered global auto parts supplier, has sold a 7.5 % stake (1,425,000 shares) in its listed Indian arm, ZF Commercial Vehicle Control Systems India Ltd (ZF CVCS).ZF CVCS recently opened its sixth manufacturing plant at Oragadam, near Chennai, to serve as a hub for manufacturing and assembling electric mobility and advanced mobility technologies for light, medium, and heavy-duty commercial vehicles.