Zf Commercial Vehicle Control Systems India Limited · NSE:ZFCVINDIA
Zf Commercial Vehicle Control Systems India — Investor / Analyst Conference September 2026
49 slides from Zf Commercial Vehicle Control Systems India's conference presentation, Sep 21, 2026
Slide 1: Regulation 30 cover letter to stock exchanges
ZF Group · ZF Commercial Vehicle Control Systems India Limited, Chennai 600058 Commercial Vehicle Solutions Department Finance From C V Kavviya Phone +91 044-4224 2000 Email cv.kavviya@zf.com Date September 21, 2026 The Manager Listing Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street,
Slide 2: ZF Commercial Vehicle Control Systems India Limited
AI-Generated ZF Commercial Vehicle Control Systems India Limited September 21, 2026 © ZF Friedrichshafen AG 1 1
Slide 3: Presenters
Presenters Paramjit Singh Chadha Rakesh Mishra Shankar V A Ganesamoorthy Managing Director Chief Financial Officer Head of Sales and Marketing - OE Head of R&D and Engineering © ZF Friedrichshafen AG 2 2
Slide 4: About ZF Group
01 About ZF Group ZF confidential 3
Slide 5: ZF Products and Services for Passenger Cars, Commercial Vehicles and Industrial Technologies
ZF Products and Services for Passenger Cars, Commercial Vehicles and Industrial Technologies AI-Generated Electrified Powertrain Technology Commercial Industrial Chassis Solutions ZF Lifetec Electronics and ADAS Vehicle Solutions Technologies Aftermarket © ZF Friedrichshafen AG 4
Slide 6: ZF AG: Financial Overview 2025
ZF AG: Financial Overview 2025 4.5% €1.4 billion €38.8 billion adjusted adjusted free cash Sales EBITA margin flow €3.3 billion €1.8 billion 153,153 Research & Investments in Employees Development property, plant, and equipment © ZF Friedrichshafen AG 5
Slide 7: Worldwide Presence - Production, Development, Sales and Service
Worldwide Presence - Production, Development, Sales and Service North America EMEA Asia Pacific Locations: 24 Locations: 88 Locations: 42 Employees: 31,444 Employees: 87,992 Employees: 28,363 162 production locations in 29 countries 20 main development locations in 9 countries Global service network
Slide 8: Key Figures - Research & Development
AI-Generated Key Figures - Research & Development 8.6% ZF Group invested 8.6% of its global revenue into R&D in 2025 2,043 1,193 Invention Disclosures Patent applications © ZF Friedrichshafen AG 7
Slide 9: ZF Group at IAA Transportation 2026
ZF Group at IAA Transportation 2026 © ZF Friedrichshafen AG 8
Slide 10: About ZF Group in India
02 About ZF Group in India ZF confidential 9
Slide 11: ZF Group in India - Footprint and Employees
ZF Group in India - Footprint and Employees Pantnagar Ambattur Mahindra World City Hyderabad Jamshedpur Lucknow Oragadam €1.1 billion Strong Footprint Across Sales in 2025 Coimbatore India GBS - Chennai ZF Rane Pune GEC - Chennai Test Track ~14,000 Employees © ZF Friedrichshafen AG 10
Slide 12: ZF Group in India
ZF Group in India: AI-Generated Commercial Vehicles Passenger Cars Wind Power Off- Highway / Railway Market Leader in Vehicle Built strong engagement with Market leader in India with a Built strong engagement Control Systems leading OEMs focus on exports with Key Customers Strong partnership with al
Slide 13: ZF Commercial Vehicle Control Systems India Limited: An Introduction
03 ZF Commercial Vehicle Control Systems India Limited (“ZF CVCS”): An Introduction ZF confidential 12
Slide 14: ZF CVCS: Building on a Strong Heritage
ZF CVCS: Building on a Strong Heritage ZF Group Record Integration Financial Inauguration Performance Inauguration of Oragadam Inauguration for FY25-26 of Ambattur Inauguration Expansion Jan 2022 Plant - Feb’24 Inauguration of Technology plant and of Pant Nagar of MWC WABCO integrated of MWC Plant c
Slide 15: ZF CVCS: Footprint
ZF CVCS: Footprint Over 6 Decades as a Market Leader Pant Nagar 6 3 ~270 Lucknow Manufacturing Plants Global Engineering & Authorized Service Technology Centres Partners Jamshedpur 1 ~ 550 > 1,100+ Proving Ground Aftermarket Dealers/ Engineers, Global centre Distributors for Digitalization and Softw
Slide 16: Market Overview
04 Market Overview ZF confidential 15
Slide 17: India CV Market Overview
India CV Market Overview Robust economic growth, key policy initiatives, rapid expansion across industry growth levers, and strategic OEM shifts are expected to drive sustained growth in India's CV market Key Economic Factors Policy Initiatives Consistent and sustained GDP growth PM E-Drive GST PLI
Slide 18: ZF CVCS: Market Segments
ZF CVCS: Market Segments Truck Bus and Trailer Off-Highway Defence Market Leader in vehicle Control Bus: Technology Leader driving Market leader in pneumatic Leveraging decades of proven Systems safety, comfort & electrification control & air management CV expertise to deliver durable, through syste
Slide 19: Emerging Trends
Technological Evolution Trucks Regulation and Operating economics driving the technology adoption in CV, positioning the industry at a key growth inflection point ADAS & V2V Higher capacity engines BS6, telematics EV pilots AMT Base ICE Platform Basic Safety ABS adoption BSIV to BSVI CNG/LNG expansi
Slide 20: Technological Evolution Bus & Trailer
Technological Evolution Bus & Trailer Key Trend in Buses 4,409 4,401 Migration towards Electrification trend Gross Cost Contract (GCC) Regulation Driven 3,610 Infra Boost Business Trend model • ESC: 100% implementation buses 2,575 Infrastructure Focus • STUs demanding Low Floor Buses 1,939 1,171 Urb
Slide 21: Off-Highway
Off-Highway Construction equipment Market CAGR Compressor 140,000 units in FY26 7.52% (2026-2032) • India’s construction equipment demand is driven by infrastructure investments in roads, railways, metros, Unloader urban development, and industrial corridors. • Urbanization, population growth, and m
Slide 22: Defence Mobility
Defence Mobility India’s defence modernization, border infrastructure development, and indigenous manufacturing initiatives are driving demand for advanced mobility and logistics platforms. ZF CVCS supports Defence OEMs across development, testing, validation, homologation, and field Pneumatic brake
Slide 23: Key Product Portfolio
05 Key Product Portfolio ZF confidential 22
Slide 24: ZF CVCS: Product Portfolio
ZF CVCS: Product Portfolio Efficiency Power Safety Comfort Driven by the CV industry's focus Driving vehicle performance Safety technology leader, Driving superior passenger and on efficiency, we continuously through innovative driveline advancing from ABS to EBS/ESC driver comfort through enhance o
Slide 25: Scroll Compressor
Scroll Compressor High Efficiency Supporting vehicle range Lowest TCO Significantly reduced service cost Liquid Cooling For durability & power density Low NVH Oil-free Supporting global sustainability Smooth scroll motion & zero emission vehicle targets © ZF Friedrichshafen AG 24
Slide 26: ECAS
ECAS Applied in ICE and EV buses with ultra-low-floor entry Modular and Scalable ECAS system Maintains constant pressure during operation Offers outstanding suspension quality • Intelligent Kneeling • Automatically returns to drive height when driver closes the doors based on intelligent system inte
Slide 27: ESC Smart
ESC Smart Electronic Stability Control Roll Stability Yaw Stability Control control Globally proven solution Dedicated for the Indian market Test Track © ZF Friedrichshafen AG 26
Slide 28: ZF Door & Door Control Systems
ZF Door & Door Control Systems One of the leading suppliers for bus door and door control Local Manufacturing facility systems in Europe & India catering to Indian customer requirements ZF Door Control system Modular control system Next Gen Technology: catering to the requirements Electrical door co
Slide 29: ESC Smart
ESC Smart Electronic Stability Control © ZF Friedrichshafen AG 28
Slide 30: Spare Parts Aftermarket Reforms Kick-off (SPARK)
Spare Parts Aftermarket Reforms Kick-off (SPARK) SPARK - Key Launch Highlights & Pipeline Recent Launches & Achievements 10+ merchandise products identified; development initiated (in addition to in-house projects) ADB Rotors, DEF (Diesel Exhaust Fluid), Wheel Bearing Grease are launched and Sales s
Slide 31: Technology Roadmap
06 Technology Roadmap ZF confidential 30
Slide 32: Regulations Roadmap
Regulations Roadmap Regulation Windows 2023 2024 2025 2026 2027 2028 2029 Cyber Security / ESC for M3 Buses (Except Functional ESC for all M3 ESC for all Categories Braking Type 1, Cowl Chassis, Buses (Except Safety / OTA (M2, N2, N3) except for Control Special Applications) Type 1) City application
Slide 33: Current Shifts in Industry's Mega Trends
AI-Generated Current Shifts in Industry’s Mega Trends Mega Trends are converging and interweaving driven by an advancing technology base Digital Ecosystems Cloud & AI Native with seamless connectivity & data across the lifecycle to maximize Intelligence => Maximize operational efficiency Integrated
Slide 34: ZF Group's AI Strategy
ZF Group’s AI Strategy From requirements to validation, AI compresses AI as a strategic enabler across ZF the engineering loop • Optimize products and Redesign development processes Identify recurring or similar customer 01 Analyze requirements requirements. • Shorten development cycles and Accelera
Slide 35: The Future CV Ecosystem
The Future CV Ecosystem Automation of Lifecycle-Oriented Engineering Neural Cloud Environment Networks / AI 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 Improvement of respective function, creation of variants 0 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 1 1 0 1 0 0 0 0 0 0
Slide 36: SdCV - Evolution of E/E-Architectures
SdCV - Evolution of E/E-Architectures Hub-clustered, Co-Existence of different service oriented Distributed, monolithic zone/domain clustered architectures architectures architectures Today ~ 2027 - 2036 From ~ 2033 • Distributed-ECU architecture • Zone/Domain architectures – Sensitivity on Invest w
Slide 37: ZF CVCS Proving Ground
ZF CVCS Proving Ground Test Track Layout ABS Test Track Testing in ABS Track Testing in ESC Track Test Track Overview ADAS / AEBS - Test Track by 2026 Overview : • Inaugurated in 2001, spread over 200 acres • Can test all types of vehicles (2W, PV & CV) • Support for homologation & Systems testing •
Slide 38: ESG
07 ESG ZF confidential 37
Slide 39: Respect Mother Earth!
Respect Mother Earth! AI-Generated © ZF Friedrichshafen AG 38
Slide 40: ZF Sustainability Strategy and Climate Targets at a Glance
ZF Sustainability Strategy and Climate Targets at a Glance Acting • Reduction of Scope 1 and 2 GHG emissions by 80% For climate and nature by 2030 (with 2019 as the base year) Acting • Reduction of Scope 3 GHG emissions by 40% per € For all people million sales by 2030 (with 2019 as the base year) A
Slide 41: ESG: Key Initiatives
ESG: Key Initiatives Highlights Awards & Accolades • Scaling up Renewable energy across sites – • Ambattur Plant won First Place in the Tamil RE 100 by 2025, leverage onsite solar to Nadu State Safety Awards, recognizing 10% and long-term contract solar & wind 71%, remaining from IREC excellence in
Slide 42: Corporate Social Responsibility
Corporate Social Responsibility Overview of CSR Initiatives in 2025-26 30 3 Events conducted School blocks Renovated (Road Safety Training & Eye checkup) 1858 500 Drivers & Mechanics Trained Safety Tool Kit for Technicians 18 500 Solar High Mast Lights Installed Trees Planted 4 2 Million Litres Sola
Slide 43: Awards and Visits
08 Awards and Visits ZF confidential 42
Slide 44: 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 12 years… • 10 awards from Ashok L
Slide 45: TATA Motors – Athmanirbhar Award
TATA Motors – Athmanirbhar Award ZF has been awarded the Atmanirbhar Excellence Award at the Tata Motors Annual Supplier Meet 2026 on September 11 in Pune, for the successful localization of its E-Compressor technology, powering electric bus and truck applications. © ZF Friedrichshafen AG 44 44
Slide 46: Investor Visits
Investor Visits: March 2025 March 2026 • 40 investors and shareholders visited the Oragadam • 36 investors including institutional representatives and facility to gain insights into our operations and family offices visited the ZF Proving Ground to gain technologies insights into our operations and
Slide 47: ZF CVCS: Financials
09 ZF CVCS: Financials ZF confidential 46
Slide 48: ZF CVCS: Financials
ZF CVCS: Financials INR Cr OEM AM Exports Service Income+ Other Income EBITA CAGR: Total Revenue +0.6% +9.2% +1.8% +11.4% +0.7% + 1.6% 19.3% 4,302 18.7% 3,910 3,939 16.9% 3,511 15.3% 1,978 1,854 1,682 1,598 830 738 505 584 661 429 479 537 1,154 1,025 1,100 1,075 384 503 599 715 FY 22-23 FY 23-24 FY
Slide 49: Thank You and We Welcome Your Questions
Thank You and We Welcome Your Questions
ZF Commercial Vehicle Control Systems India — Investor / Analyst Conference September 2026 on 6ix