Zf Commercial Vehicle Control Systems India Limited · NSE:ZFCVINDIA
Zf Commercial Vehicle Control Systems India — Investor Presentation (May 2025)
42 slides from Zf Commercial Vehicle Control Systems India's investor presentation, May 26, 2025
Slide 1: Regulation 30 cover letter to stock exchanges
Commercial Vehicle Solutions Department Finance From Muthulakshmi M ZF Group · ZF Commercial Vehicle Control Systems India Limited, Chennai 600058 Phone +91 044-4224 2000 Email muthulakshmi.m@zf.com Date May 26, 2025 The Manager Listing Department BSE Limited, Phiroze Jeejeebhoy Towers Scrip code: 5
Slide 2: ZF Commercial Vehicle Control Systems India Limited
ZF Commercial Vehicle Control Systems India Limited May 2025
Slide 3: About ZF Group
01 About ZF Group ZF confidential
Slide 4: ZF: A Global Technology Company & Solutions Provider
ZF: A Global Technology Company & Solutions Provider ZF is among the leading global technology groups and supplies advanced mobility products & systems for passenger cars, commercial vehicles and industrial technology. The company is a frontrunner in contributing to reducing emissions, protecting th
Slide 5: ZF's leading presence globally enables a dense network of qualified contacts
ZF’s leading presence globally enables to provide a dense network of highly qualified contacts close to customers Key Highlights India(3) 2024A Europe Locations(1) 19 Locations(1) 80 Employees 16,000 Employees 92,580 Sales in €bn 1.1 Sales in €bn 19.5 73% 19% 8% Construction and Cars and light agric
Slide 6: ZF CVS Division is the CV Industry's One-Stop-Shop
ZF CVS Division is the CV Industry’s One-Stop-Shop Vehicle Vehicle Repair & Upgrade & Fleet Operations Development Production Maintenance Update & Management Addresses diverse commercial transportation applications A powerful advantage for customers world-wide © ZF Friedrichshafen AG 5
Slide 7: ZF's Next Generation Mobility Strategy: Climate Neutrality
ZF’s Next Generation Mobility Strategy: Climate Neutrality A clean, safe, comfortable and affordable mobility for everyone, everywhere. Climate Neutrality: • Reduce CO2 emissions by 80% (compared to 2019) by using green energy until 2030 (Scope 1 and 2) • Reduce CO2 emissions of upstream value chain
Slide 8: ZF CVCS: Introduction & Strategy
02 ZF Commercial Vehicle Control Systems India Limited (“ZF CVCS”): Introduction & Strategy ZF confidential
Slide 9: ZF CVCS: Building on a Strong Heritage
ZF CVCS: Building on a Strong Heritage ZF Group Integration Inauguration Inauguration of Oragadam Inauguration of Ambattur Inauguration Expansion Jan 2022 Plant - Feb’24 Inauguration of Technology plant and of Pant Nagar of MWC WABCO integrated of MWC Plant center Inauguration 2022 Software Plant pl
Slide 10: ZF CVCS: At a Glance
ZF CVCS: At a Glance Over 6 Decades as a Market Leader Pant Nagar 6 4 ~270 Lucknow Manufacturing Plants Global Engineering & Authorised Service Technology Centers Partners Jamshedpur 1 ~ 550 > 1,000 Test Track Aftermarket Dealers/ Engineers, Global center Distributors for Digitalization and Software
Slide 11: ZF CVCS - a leading supplier of technologies and services to the Indian CV Industry
ZF CVCS - a leading supplier of technologies and services to the Indian CV Industry 1 Six decades of market leadership with multiple growth levers 2 Well positioned to serve marquee clients through broad market focus 3 Customer centric, Total Quality Management (TQM) driven, lean organization 4 Stro
Slide 12: Sustained Focus on Value Creation for Shareholders
Sustained Focus on Value Creation for Shareholders… Value creation New Innovation Pipeline Partner of Choice for Extensive Technology India’s OEMs Reservoir Global Electrified Capability Partners for fleet Excellence in Execution Connected Innovation & CoE for export Technology manufacturing and Lea
Slide 13: Riding on India's Growth & Increasing Penetration of Advanced Technologies
… by (1) Riding on India’s Growth & Increasing Penetration of Advanced Technologies Advanced technology adoption Advanced technology Applicable Content per Vehicle adoption ~$3900 ~$3200 ~$3000 ~$1500 ~$1500 ~$1000 ~$1000 ~$950 2X Opportunity ~$600 Increase in adoption of new ~$590 technologies & ev
Slide 14: Evolving CV Industry, with Key Catalysts in Motion
Internal (2A) Evolving CV Industry, with Key Catalysts in Motion.. Key Factors Underpinning Key Trends Impact the CV Industry Growth • CV growth trajectory shifted down with increased freight 2014 Now 2030 • IAL: 17% to 25% based on Axle configuration capacity & improved turnaround time (2018) • To
Slide 15: Technological Evolution in Buses & Trailers
(2B) ..with Technological Evolution in Buses & Trailers Internal Key Trends in Buses Infra Boost Business Model & EV Regulation Driven • Infrastructure: Focus on BRTS, • STUs migrating from CAPEX • ESC: 100% implementation for M3 smart Mobility solutions model to PPP & GCC Models category excluding
Slide 16: Pioneering Customer & Market-oriented, Cost-optimized Solutions
(3) Pioneering Customer & Market-oriented, Cost-optimized Solutions Solving the industry's key challenges Focused on efficiency Focused on safety Focused on digitalization Product and system solutions for the reduction Assistance systems (ADAS) for the protection Connectivity & SW solutions for effi
Slide 17: Preferred Technology and Systems Solutions Partner to CV OEMs and Fleets
(4) Preferred Technology and Systems Solutions Partner to CV OEMs and Fleets Digital fleet solutions Connectivity solutions Safety electronics ADAS / AD SYSTEMS Vehicle electronic systems Steering systems Suspension control solutions Brake & stability Electronic components control solutions Air mana
Slide 18: Leading the Path to ACE
(4A) Leading the Path to ACE Solutions for each technology path in place Leading player in ACE technologies and solutions FMS Extend Digital products eComp EBS & Solution offerings ECAPU AMT ECAS Transform braking, air Management technology S-CAM4T IPM Radar Extend intelligent control from ICE to eM
Slide 19: EV Market Poised for Exponential Growth
(4B) EV Market Poised for Exponential Growth EV Bus Sales India Factors Influencing the EV Penetration 3,708 3,312 2,008 Urbanization & 1,194 Government Climate Concern & 15 to 20% Infrastructure Gross Cost Contract Initiatives initiatives of OEMs lower TCO development Model 492 378 147 FY 19 FY 20
Slide 20: Technology Solutions Ready for EV Migration
(4B) Technology Solutions Ready for EV Migration Conventional ICE Electrified Engine Driven compressor Electric compressor solution dedicated to electric & hybrid CV applications eCompressor EBS based ESC with improved regen ABS Based ESC System efficiency & range EBS based ESC Electronic controlled
Slide 21: Future ready active safety technologies to stay ahead of regulation
(4C) Future ready active safety technologies to stay ahead of regulation G.S.R. 159 (E): ESC Mandate G.S.R. 184 (E) : Draft ESC and ADAS regulation for all Buses | 22+| Excluding Type 1 Overview of Draft regulation mandating AEB, LDWS, MOIS, BSIS, DDAW for M2, M3, N2 and N3 vehicle categories. Autom
Slide 22: SCALAR: Digital Fleet Orchestration Solution
(4D) SCALAR: Digital Fleet Orchestration Solution Connectivity Digital services User Portal ZF | PaaS | SaaS Connectivity Value Propositions Core services: • Data Ingestion • Data Mapping PRODUCTIVITY UPTIME • GDPR ZF portal • Uptime (99.98%) • Serviceability … COMPLIANCE SUSTAINABILITY Data lakehou
Slide 23: Digital Fleet Connectivity Solutions
(4E) Digital Fleet Connectivity Solutions SCALAR Connectivity SCALAR SaaS SCALAR Services Telematic solutions to SaaS portal that enables Services that support and serve Maximize Fleet Intelligence actionable insights to end users the entire supply chain ecosystem ZF Video Management SCALAR EVO Puls
Slide 24: Investor Visit to Oragadam Plant - March 2025
Investor Visit to Oragadam Plant - March 2025 • ~40 investors and shareholders visited the Oragadam facility to gain insights into our operations and technologies • Investors interacted with the MD, CFO, and ROO to discuss, CVCS India’s performance, technologies etc • Conventional and advanced techn
Slide 25: Investor Visit to Oragadam Plant - March 2025
Investor Visit to Oragadam Plant - March 2025 © ZF Friedrichshafen AG 24
Slide 26: ZFCVCS: Key Moats
03 ZFCVCS: Key Moats ZF confidential
Slide 27: Trusted Innovation Partner for India's OEMs
Trusted Innovation Partner for India’s OEMs Technology & Applicated • Launch of Electronically Controlled Platforms 2024 Air Suspension (ECAS) for Ultra Low Floor Entry buses (ULE) in ICE • First to bring advanced technology and EV buses tailored for Indian CV market ECAS • Launch of Pneumatic & Hyd
Slide 28: Excellently positioned to deliver advanced technologies at best cost
Excellently positioned to deliver advanced technologies at best cost Intelligent Trailer Frugal engineering expertise with an Skilled application engineers Program ability to redesign advanced technologies provide excellent customer connectivity and mature products for price sensitive and support fo
Slide 29: EBS and ESC for EV applications
EBS and ESC for EV applications Applicated across all OEMs thus improving safety and regen efficiency • Optimal grip under tough environmental conditions • Ensures driving stability & steerability • Maintain control of vehicle even on slippery surface • Increased road safety • Control vehicle unde
Slide 30: ECAS - Electronically Controlled Air Suspension
ECAS - Electronically Controlled Air Suspension Applicated in ICE and EV buses with Ultra low Floor Entry • Modular and Scalable ECAS system • Maintains Constant below pressure while motions • Offers Outstanding suspension Quality • Intelligent Kneeling • Automatically returns to drive height when d
Slide 31: Strategic Focus - Entry into Light Duty CV Segment
Strategic Focus - ZF CVCS’s Entry into Light Duty CV Segment Vehicle Production Forecast (1000) LCV Market Share(1) FML Others AL 209, HCV EV Penetration CAGR 2024-30 : 6.5% 3% 6% 10% 21% 900 198, MSIL 800 850 MCV 7% 703 750 20% 620 660 30% 594, TML M&M 59% 35% 39% LCV 2% GVW 1.7 to 6.5T 2024 2025 2
Slide 32: LCV Technology Drivers
LCV Technology Drivers 1 ESC GSR 159 Opportunities • M3 Bus < 22 Seats. Except Type-I ESC ~ 30,000 Buses • Applicable from Oct 2025 Expand penetration on more platforms 2 EV • Electric Vacuum pump EV ~ 30% penetration by 2030 • Regen Enhancement 3 ADAS GSR 184 – N2 M2 M3 Best in class efficiency Hig
Slide 33: ZF Aftermarket: Empowering Fleets with Intelligent Future-Ready Solutions
ZF Aftermarket: Empowering Fleets with Intelligent Future-Ready Solutions End-to-end solutions and services Spare parts along the lifetime of the vehicle Digital Services Genuine Spare Parts Over 188k connected vehicles Certified premium quality parts on ZF’s SCALAR platform; 1000+ across 12k retail
Slide 34: Leveraging Digitalization & Data Analytics to Unlock Growth in Aftermarket
Leveraging Digitalization & Data Analytics to Unlock Growth Opportunities in Aftermarket Analysis of Vaahan Registration State Wise and Category Wise Insights from Vehicle Age Data Analytics State Level Analysis of Opportunities Sales Analytics © ZF Friedrichshafen AG 33
Slide 35: Recognition for Excellence in Execution
Recognition for Excellence in Execution • Strong relationship with customers for over six decades • Recognized by leading customers for innovation, technology partnership, cost competitiveness, quality and excellence • Recipient of 30+ customer awards over the last decade+ • 10 awards from Ashok Ley
Slide 36: ECAS – Electronically Controlled Air Suspension
ECAS – Electronically Controlled Air Suspension Applicated in ICE and EV buses with Ultra low Floor Entry • Modular and Scalable ECAS system • Maintains Constant below pressure while motions • Offers Outstanding suspension Quality • Intelligent Kneeling • Automatically returns to drive height when d
Slide 37: ESG Focused Business Model
ESG Focused Business Model E S G Driving Decarbonization for a Focusing on Road Safety Building Success Through Greener World Governance • Implementing technologies to improve • 17,000+ drivers upskilled in • Robust & effective corporate vehicle efficiency and reduce carbon partnership with RTOs and
Slide 38: Sustainability at ZF CVCS India
Sustainability at ZF CVCS India Be ahead of Carbon emission Targets in all Scope • Reduction of CO2 emissions to 90% by 2030; all ZF CVCS plants to be driven by 100% renewable energy. • All 6 manufacturing plant locations will be driven by 100% renewable energy sources by end of year. • Group captiv
Slide 39: ZFCVCS: Q4 FY25 & FY25
04 ZFCVCS: Q4 FY25 & FY25 ZF confidential
Slide 40: ZF CVCS India Quarter Performance
ZF CVCS India Quarter Performance Internal INR Cr OEM AM Exports Service Income+ Other Income EBITDA +5.1% -1.2% -3.4% +5.4% +10.2% +4.1% 1,039.0 +7.3% 982.5 970.8 988.2 -1.2% 22.8% 937.8 23.3% 22.3% 19.4% 19.7% 409.0 466.3 474.3 429.3 366.8 125.7 122.6 132.4 124.1 202 130.0 194 166 164 176 277.7 29
Slide 41: ZF CVCS India Annual Performance
ZF CVCS India Annual Performance INR Cr Internal OEM AM Exports Revenue from Service+Other Inc EBITDA +11.3% +11.8% +0.8% +36.0% +23.1% 3,906.9 3,939.2 +85.2% 22.1% 3,511.3 19.4% +35.7% 1,853.8 1,671.4 17.2% 2,581.0 1,597.7 +18.4% 1,902.4 1,031.1 504.7 739 429.1 478.5 12.6% 661 684.8 14.7% 537 334.0
Slide 42: Thank you. Welcome your questions and feedback.
Thank you. Welcome your questions and feedback.
ZF Commercial Vehicle Control Systems India — Investor Presentation (May 2025) on 6ix