Page 2 - Schaeffler
Schaeffler merges its India operations, creates a Rs 41-billion entity
The combined entity becomes a leading automotive and industrial supplier with over Rs 41 billion in annual revenues
 "Schaeffler merges its India operations, creates a Rs 41-billion entity")
Engg parts maker Schaeffler to invest Rs 200 cr on new unit in Pune
Industrial and automotive component supplier Schaeffler AG today announced an investment of Rs 200 crore to set up a manufacturing unit at Talegaon, Pune, along with a new research and development unit. The new production facility of the company's arm NA Bearings Pvt Ltd, will manufacture engine and transmission components, serving domestic and exports markets, the company said in a statement. The R&D facility will focus on enhancing product development and engineering capabilities driving innovation for customers, it added. Commenting on the development, Schaeffler India CEO Dharmesh Arora said, "We see exceptional opportunities (in India) as 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 the company add capacity and enhance product portfolio to serve our customer needs of future, he added. "This investment is part of our larger strategic growth plan
Multiple merger benefits for Schaeffler India
Share of auto segments, complete systems offerings to help margins
Schaeffler to merge three Indian entities into a single firm
Schaeffler India will issue 10 equity shares to shareholders of INA India
