Inauguration of new expanded manufacturing facility of Schaeffler Group

Commenting on the merger, Georg. F. W Schaeffler, said "The consolidation of our three entities in India is a big step and in alignment with our approach of ‘One Schaeffler'. It will allow us to capitalise on the significant growth opportunities in India. We look forward to continuing a seamless integration across the Indian organization to serve our customers even better."

The combined entity will offer a full range of mobility solutions in engines, transmissions and chassis components as well as a wide range of ball and roller bearings, housings and services across mobility and industrial applications shaping Mobility For Tomorrow.

Commenting on future plans in India, Klaus Rosenfeld, said "Being one strong Schaeffler entity in India now, it is important for us to focus on customer needs and look at expanding our product portfolio. Schaeffler Group pursues strategy of ‘a global player with local presence' and remains committed to its India business. India presents tremendous opportunities for us and therefore, we have doubled the investment in India to the tune of INR 3250 million this year and will continue to do so for the next few years. This will significantly boost our capacity, capability and competency to serve our customers in the region."

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