The Indian Competition Authority conditionally approves a merger between two auto parts manufacturers (Wabco / ZF)

ZF is a global technology company, headquartered in Germany which develops, manufactures and distributes products and systems for passenger vehicles (“PVs”), commercial vehicles (“CVs”), o- highway vehicles (“OHVs”) and industrial technology. ZF is present in India by way of its various subsidiaries and joint ventures (“JV”), including Brakes India Private Limited (“Brakes India”), a JV with TVS group, engaged in manufacturing of braking products for PVs, CVs and OHVs. It also has a foundry and polymers product division. WABCO is a public company, listed