Press release |
Chennai, 23rd June 2021: Brakes India was founded in 1962 as a joint venture entity with T V Sundram Iyengar and Sons Private Limited (TVS) as the majority partner. Recently, joint venture partner ZF Friedrichshafen AG (ZF) acquired WABCO Holdings, Inc and due to the resultant competitive situation, ZF agreed to divest its entire shareholding in Brakes India to TV Sundram Iyengar and Sons Private Limited, Sundaram Finance Holdings Limited, India Motor Parts and Accessories Limited and Flometallic India Private Limited. Having successfully worked together for over five decades with joint venture partners, ZF will continue its technology license and supply agreements with Brakes India.
Brakes India is a leading supplier of braking systems in the Indian market and a global supplier of ferrous castings. It has a strong in-house R&D capability, world class manufacturing and supply chain operations with a reputation of providing high quality products. Over five decades,
Brakes India has localized and assimilated global technologies through technology transfers.
Brakes India is confident of fulfilling all obligations to customers and suppliers on existing and
new businesses.
