The new R&D facility is located in Pune, Maharashtra, near a major production site where SAF-Holland manufactures trailer axles and suspensions under the ‘York’ brand.

The acquisition is expected to leverage the expertise of the Roberto Nuti Group to enhance SI Airsprings product offerings as well as strengthen its global market position.

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the   ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.

Lumax is anticipating a surge in demand for its products, as several OEMs, it says, are focusing heavily on the transition to electric vehicles.