An automotive software technology provider company ZF Group will open India’s first technology center in Hyderabad, a senior official said on Thursday. It will develop electronics embedded software and mechanical engineering. TCS and Tech Mahindra are the knowledge partners for this center.
Talking to journalists in Hyderabad on Thursday, Mamatha Chamarthi, ZF senior vice-president and head for India Technology Center, said, “We will be setting up this center at a one-lakh square feet facility in Gachibowli and will be spending close to 20-30 million Euros (approximately US$23-34 million).”
The facility will be operational by January 2017 and will house 2,500 engineers by 2020. The company already has manufacturing facilities in Pune and Coimbatore to serve the local requirements of of automotive and non-automotive original equipment manufacturers (OEMs).
Telangana IT and Industries minister K. Taraka Rama Rao said, “Till now Hyderabad was the destination of only pure-tech companies. But with the entry of ZF, an automobile services company, we are bound to see traction in this segment.”