Further to the merger scheme announced on August 30, 2017 by the Board of Directors of INA Bearings India Pvt Limited, LuK India Pvt Limited and Schaeffler India Limited, Schaeffler India also published the consolidated results on a pro-forma basis for the three companies. On a pro-forma basis, the six months' (Jan-June 2018) consolidated total income (net) stood at INR 22,487 million, higher by 15.8% compared to the corresponding six months of 2017.

Commenting on the results and financial performance of Schaeffler India Limited, Dharmesh Arora, Managing Director, said, "We continue to witness all round growth in the second quarter of 2018 and have seen a double-digit growth in line with our expectations. Buoyed by solid market performances in the infrastructure, railways, construction equipment, commercial vehicles and tractors, our automotive and industrial businesses delivered good performances. We expect the growth trajectory to continue in the short to medium term and maintain a stable performance."

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