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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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Explore the strategic leadership transition at the global automotive giant.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FSeptember2023\u002FMr.%20Akash%20Passey_President%20ZF%20India.jpg\" alt=\"\" width=\"169\" height=\"254\">ZF Group, the world’s 3rd largest automotive supplier, announced a change of leadership for its Indian organization. Suresh KV, currently Vice President and Head, ZF Group (India), has elected to step down from the helm of the company in the region to pursue other challenges. The Board of Directors has considered and accepted his request. Suresh KV will continue with the company till October 6, 2023, enabling a smooth transition and support for his successor.\u003C\u002Fp>\r\n\u003Cp>Suresh KV started his career with ZF in 2007, when he joined Hansen (a company later acquired by ZF) after various leadership positions in renowned supplier companies in India. Under his leadership, ZF Group in India grew to 15.400 employees and saw several firsts like the establishment of the ZF Group plant at Chakan, the establishment of the corporate office, the inauguration of a larger facility for ZF Tech Center India, and the growth of the ZF Wind power. With several highs, he has also steered the company through two major automotive slumps and the worldwide COVID crisis over the past two years, keeping ZF Group in the region on track for growth.\u003C\u002Fp>\r\n\u003Cp>Effective September 1, 2023, his successor and President of ZF India will be Akash Passey, currently founding President of the bus division at VE Commercial Vehicles Ltd (a joint venture of Volvo Group and Eicher Motors Ltd). With 30 years of rich experience in various leadership positions in India and internationally, at Volvo and Eicher, Akash comes with a sound knowledge of the automotive industry and the Indian market. His experience, bolstered by his background in the commercial vehicles segment, will help him further develop the ZF Group’s brand value and revenues in India, and align all divisions on to a solid business growth path.\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.zf.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FSeptember2023\u002FAlVwHtgMofUVZGx7oEc2.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FSeptember2023\u002FAlVwHtgMofUVZGx7oEc2.jpg","2023-09-16T09:32:24+05:30",0,"Akash Passey succeeds Suresh KV as the new President of ZF Group India effective September 1, 2023.\nSuresh KV steps down after a distinguished 16-year tenure, overseeing significant expansion and overcoming major industry challenges.\nPassey brings over 30 years of extensive automotive experience from his previous leadership roles at Volvo and VE Commercial Vehicles.","Big leadership news in the automotive sector: ZF Group has announced that Akash Passey will take over as President of ZF Group India, effective September 1, 2023. Passey, formerly the founding President of the bus division at VE Commercial Vehicles, brings three decades of global and domestic industry expertise to the role. He succeeds Suresh KV, who is stepping down after a transformative tenure that saw the company scale to 15,400 employees and navigate through significant market shifts, including the global pandemic. As ZF Group continues to strengthen its footprint in India, Passey’s deep knowledge of the commercial vehicle segment is expected to drive further brand growth and operational success. We wish both leaders the very best in their next chapters. #ZFGroup #AutomotiveLeadership #IndustryNews","Leadership shakeup at ZF Group India: Akash Passey named new President, succeeding Suresh KV. A new chapter begins for the automotive giant as they focus on further growth in the Indian market. #ZFGroup #AutomotiveIndustry","Big moves in the automotive world! 🚗💨 ZF Group India just announced a major leadership transition as Akash Passey steps in as the new President, succeeding Suresh KV. \n\nAfter a successful 16-year run helping the company reach incredible heights—including launching major tech centers and navigating global challenges—Suresh is moving on to new adventures. Akash Passey comes with 30 years of top-tier experience from Volvo and Eicher, and we’re excited to see how his leadership shapes the future of the brand in India! \n\nBig changes ahead for one of the world’s leading automotive suppliers. Stay tuned for more industry updates! 🚀\n\n#ZFGroup #AutomotiveNews #LeadershipChange #IndiaBusiness #AutoIndustry #BusinessGrowth #NewBeginnings",{"title":145,"description":147,"keywords":158},"zf group india, akash passey, automotive industry news, leadership changes, suresh kv, indian automotive sector, b2b news, corporate transitions, zf india president",{"title":160,"slug":161,"imageUrl":162},"Vedanta Aluminium’s Pioneering Initiatives Driven by a Skilled Team of Thermal Engineers","vedanta-aluminiums-pioneering-initiatives-driven-by-a-skilled-team-of-thermal-engineers","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FSeptember2023\u002FYl22wBAxDp8MSoruY9OC.jpeg",{"title":164,"slug":165,"imageUrl":166},"FDT Group Elects André Uhl as Chairman of the 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