ZF Steering Shares Skyrocketed 15% as Arm Secures Rs 151 Crore Order 

Shares of ZF Steering Gear (India) Ltd skyrocketed 15% on 31 December after the company announced that its subsidiary, Drivesys Systems (Aluminium Division), secured a significant order for around Rs 151 crore.

In an exchange filing, ZF Steering Gear said, “We wish to inform you that the wholly owned subsidiary of ZF Steering Gear (India) Limited i.e. Drivesys Systems Private Limited – (Aluminium Division), has received a significant order/ entered into an Agreement of an aggregate value of Rs 151 crore (approximately) from a leading Indian business conglomerate for its Renewable Energy business.”

According to the terms of the order, ZF Steering Gear shall manufacture and provide machined aluminum parts. The order is expected to be completed in 15 months. 

ZF Steering Gear’s revenue from operations increased to Rs 120.56 crore in the September quarter of FY26 (Q2FY26), compared to Rs 111.17 crore in the same period last year.

However, the company registered a net loss (attributable to shareholders) of Rs 0.39 crore in Q2FY26, compared to a net profit of Rs 1.72 crore in the same period the previous fiscal year.

ZF Steering Gear is a renowned manufacturer of steering systems for buses, tractors, and commercial vehicles, having introduced hydraulic power and mechanical steering to India through a joint venture with Germany’s ZF Friedrichshafen AG in 1981. 

The company focuses on Ball & Nut Hydraulic Power Steering (HPS) and Worm & Roller Mechanical Steering, offering technologically sophisticated solutions that prioritize driver comfort, vehicle safety, and dependability. With a significant presence in the commercial vehicle and tractor segments, ZF Steering Gear serves key OEMs and has a large dealer network in both local and foreign markets.

The company has modern production facilities in Vadu Budruk (near Pune) and Pithampur (Madhya Pradesh), with an emphasis on backward integration and extending its product offering. 

Aside from automotive components, ZF Steering Gear has ventured into renewable energy, generating power from solar and wind installations. As part of the worldwide ZF Group, the company gains access to innovative mobility technologies as well as experience in chassis systems, gearboxes, and safety solutions, cementing its position as a pioneer in India’s steering systems market.

At 12:50 pm, the shares of ZF Steering Gear were trading 8.82% higher at Rs 806 on BSE.

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