ZF Commercial Vehicle Solutions is targeting €9bn in revenue within four years, backed by electric axle demand, new business wins and a bigger role for India in manufacturing and engineering.
ZF Commercial Vehicle Solutions is aiming for €9 billion in revenue within the next three to four years, up from €7.8 billion in 2025, as it leans on new business wins and the growing shift towards electrification. Speaking to Motor India at IAA Transportation 2026, Andreas Moser, a member of the management board of ZF Friedrichshafen AG, said the transition to electric axles is central to that plan because a single system can replace the transmission, axle and combustion engine, allowing the company to supply a larger share of each vehicle.
India is becoming a more important part of that strategy. Mr Moser said ZF already has a strong manufacturing and engineering base in the country and described its local presence as exceptionally well established. He said the company’s content per vehicle in India is currently about €500, but expects that to rise as demand builds for automated transmissions and electrified systems. ZF is also tailoring products for price-sensitive markets, including lower-cost advanced driver assistance systems for India and China, while using its international footprint to scale electrification volumes.
The wider commercial vehicle market remains uneven. Mr Moser said China’s domestic market is broadly flat, even as Chinese manufacturers push exports into western markets. Europe is still uncertain, while North America has recently shown more positive momentum, to the point that some supply bottlenecks have emerged in parts of the market. Against that backdrop, ZF said it has won close to 90% of the business it has bid for and has secured more than €5 billion in business since the start of 2026, according to its presentation at the IAA show.
The company is also preparing for a more software-heavy industry. ZF said trucks are becoming increasingly software-defined, making it more important to reuse common systems and control development costs. It is treating India as an engineering base for individual solutions, while spending heavily on research and development in driver-assistance technology and positioning artificial intelligence as essential. ZF said it typically invests 4% to 5% of sales in capital expenditure, has recently begun local electric drive production in China, and is reshaping its operations in India, where some newer plants are underused while older facilities would require substantial IT investment. The company has also opened a facility in Coimbatore for its off-highway business, which Mr Moser said is performing strongly.
Disclaimer: This content is intended for informational purposes only. Readers are advised to exercise their own judgement, conduct due diligence, or consult a qualified expert before acting on any information provided.
