ZF acquires majority stake in Rane TRW Steering Systems joint venture

ZF increased its holding in Rane TRW Steering Systems from 50% to 51%, becoming the majority shareholder. The joint venture will be renamed ZF Rane Automotive India.

“By acquiring a majority stake from our long-standing partner Rane, we aim to further expand both our passenger car and commercial vehicle business for our customers in the India region.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comZF acquires majority stake in joint venture with Rane Group - The HinduBusinessLineOur BureauDec 29, 2021

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