ZF Commercial Vehicle Control Systems India Ltd Targets Sustainable Growth
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
CHENNAI, MAY 26, 2025 – ZF Commercial Vehicle Control Systems India Ltd (NSE: ZFCVINDIA) has created a plan for the company’s future for aspects such as electrification, digitisation, and innovation. It will try to bring sustainable growth in the commercial vehicle market.
FY25 Financial Highlights
| Particulars (₹ Cr) | FY24 | FY25 | YoY Growth |
|---|---|---|---|
| Revenue | 3,906.9 | 3,939.2 | +0.8% |
| EBITDA | 661 | 739 | +11.8% |
| EBITDA Margin (%) | 16.0% | 18.2% | +220 bps |
| PBT | 546 | 609 | +11.5% |
| PAT | 406 | 458 | +12.8% |
Segment-Wise Growth Drivers
- OEM Segment: Due to increased adoption of advanced technologies such as ECAS, EBS, and AMT, ZF CVCS continued to do better.
- Aftermarket: The company onboarded over 188,000 connected vehicles and 1,000+ trailers to the SCALAR digital fleet management platform.
Strategic Positioning and Technology Pipeline
- EV Solutions: Launch of Gen-2 eComp compressors and EBS-based ESC for EVs, applicable across OEMs, improving safety and regenerative efficiency.
- ADAS & ESC: The company is gearing up for upcoming regulatory mandates (GSR 159 & 184) with a suite of technologies including MOIS, BSIS, and DDAW.
- LCV Entry: The company is looking to increase its market share in the light-duty commercial vehicle segment.
Manufacturing and Sustainability Edge
ZF CVCS operates its business operations through six plants and four global tech centres across India. The company has 4,600 employees and over 550 distributors. The company aims to run all of its plants on renewable energy by the end of 2025.
Management Commentary
ZF CVCS India stated in its presentation that it is “uniquely positioned to serve India’s growing CV market by leveraging global technologies, frugal engineering, and a deep local supply chain.” The management reaffirmed its commitment to being the partner of choice for OEMs, backed by high visibility in regulatory roadmaps and digital fleet orchestration solutions like SCALAR.
Outlook
With ₹90 million in targeted annual revenue from its LCV entry and continued traction in exports, electrification, and digital solutions, ZF CVCS India is poised to ride India’s manufacturing growth and CV modernisation wave. The company’s ability to adapt to regulatory-led demand and customer-centric innovations ensures it remains a technology leader in the evolving commercial mobility landscape.
REF” https://nsearchives.nseindia.com/corporate/WABCOINDIA_26052025122331_SignedSEInvestorconcallpresentation.pdf
