German auto part-maker ZF to open innovation hub in Hyderabad

The company said it is able to network more broadly and closely with the Indian startup scene.

By Author   |   Business Bureau   |   Published: 14th Nov 2017   5:15 pm Updated: 14th Nov 2017   5:16 pm

Hyderabad: ZF, a company that deals with driveline and chassis technology as well as active and passive safety technology said it will open its new Innovation Hub in Hyderabad. It has already partnered with the “Nasscom Center of Excellence – IoT (CoE IoT),” a start-up initiative of the national IT industry association Nasscom and MeitY (Ministry of Electronics and Information Technology).

As a result, the company said it is able to network more broadly and closely with the Indian startup scene. In turn, it benefits from easier access to the expertise of one of the largest automotive suppliers worldwide.

“When it comes to contributions to new, disruptive technologies and the development of IT solutions in and outside the mobility industry, India plays an important role,” says Mamatha Chamarthi, Chief Digital Officer at ZF Friedrichshafen AG.

“With the new ZF Innovation Hub in the IT metropolis of Hyderabad, the recent partnership with CoE IoT NASSCOM as the country’s largest pioneer for deep tech start-ups and the first pitch event, we are underscoring our aspiration to shape digitalisation worldwide. These are important precursors to our Vision Zero Ecosystem, which has mobility with zero accidents and zero emissions as its objective.”

Sanjeev Malhotra, CEO of the Nasscom Center of Excellence – IoT, emphasised, “Throughout India it brings together leading automotive industry expertise with pioneering companies and developments for the Internet of Things.”

The Innovation Hub in Hyderabad is already the second to be founded by ZF this year. In August 2017, the technology company opened its counterpart in Silicon Valley, California.