ZF Commercial Vehicle Control System India Ltd
ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA)

ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return20.21 %
3 Month Return26.45 %
1 Year Return28.04 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 17
Rank 5
Rank 20
Dividend Yield
Rank 19
Rank 18
Debt To Asset
Rank 20

Company Information

WABCO India Ltd Formerly known as WABCOTVS India Ltd is a leading supplier of technologies and services that improve the safety efficiency and connectivity of commercial vehicles in India. The company designs manufactures and markets conventional braking products advanced braking systems and other related air assisted products and systems. Its 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. WABCO India operates five manufacturing facilities across India an advanced technology development center a vehicle testing facility and a nationwide aftermarket distribution and services network. WABCO India is a subsidiary of WABCO Holdings Inc. USA a leading global supplier of technologies and services that improve the safety efficiency and connectivity of commercial vehicles. WABCO Holdings Inc. through WABCO Asia Private Limited Singapore holds 75 stake in WABCO India as per the shareholding pattern as on 30 September 2018.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 WABCOTVS India Ltd.During the year 200708 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 tierone supplier to the commercial vehicle industry raised their ownership position through indirectly owned subsidiary Clayton Dewandre Holdings Ltd Rotterdam to 75 which acquired 6795684 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 200910 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 WabcoTVS India Ltd. to WABCO India Ltd. In 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 201415 Tata Motors Supplier of the year award for the year 201415 Ashok Leylands Best in class performance in Quality award for the year 201415 Volvo Eicher Overall cost excellence award for 2015.On 1 April 2016 WABCO India informed the stock exchanges that the company has entered into an agreement which is on armslength basis with M/s WABCO Europe BVBA a related party for payment of royalty at the rate of 4 on the net sales for using licensed intangibles and technical knowhow.
OrganisationZF Commercial Vehicle Control System India Ltd
IndustryAuto Ancillaries