Speaking at the occasion, Dharmesh Arora, CEO, Schaeffler India stated, "We see exceptional opportunitiesas the economy strengthens in the near to mid term and mobility environment continues to evolve for technology suppliers like Schaeffler. This new facility will help us add capacity and enhance our product portfolio to serve our customer needs of future.  This investment is part of our larger strategic growth plan for India rolled out earlier called ‘Mobility for Tomorrow'."

Schaeffler is in the process of merging its two unlisted entities, INA Bearings India Pvt Limited and Luk India Pvt Limited, with the listed entity Schaeffler India Limited. The combined entity would make Schaeffler India a leading automotive and industrial supplier, offering a full range of solutions in engine, transmission and chassis components for automotive applications and a wide range of ball and roller bearings, housings and services across all industrial applications.

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