Date: 28th Aug 09
ZF Electronics TVS to sell CTS' components
Industrial and automotive passive component manufacturer
CTS Corporation has entered into a marketing agreement with
Madurai, Tamil Nadu based ZF Electronics TVS. As per the
agreement, ZF Electronics is going to sell and market CTS'
automotive and electrocomponent products to new customers
in Indian industrial an automotive electronics market.
CTS will market its rotary and linear position sensors,
ceramic fuel cards and other products in various market
segments in India, with an initial focus on 4- and 2-wheeler
automotive markets, which are experiencing strong growth.
"As electronic content in Indian automobiles grows
and emission laws are being tightened through the implementation
of Bharat Stage III and IV emissions norms, CTS' products
are an excellent fit for these applications. We look forward
to partnering with ZF Electronics TVS to help support OEMs
with advanced solutions, as they meet India's growing transportation
needs," commented Vinod M. Khilnani, CTS Chairman and
Chief Executive Officer.