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Bosch plans to increase its stake in German-based steering systems maker ZF Lenksysteme GmbH, which has a manufacturing centre in India to 100 per cent from 50 per cent.
The German-based company which has sales of over 4.1 billion euros, has more than 13,000 associates in eight countries. It develops, produces, and sells steering systems for passenger cars and commercial vehicles worldwide. With a total of 20 locations, the company is active in the world’s most important automotive markets.
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