Leading global industrial and
automotive supplier Schaeffler has reiterated its focus on India as a key
manufacturing hub by announcing the expansion of its operations at INA Bearings
in Talegaon, Pune. The Rs 200 crore (Rs 2 billion) expansion will include a new
manufacturing facility and a new R&D facility within the existing premises.
The ground breaking ceremony for the new manufacturing expansion was held in
Pune in the presence of Schaeffler AG’s global automotive leadership team.
The new production facility will manufacture
engine and transmission components, serving the domestic and exports markets.
The R&D facility will focus on enhancing product development and engineering
capabilities driving innovation for customers.
Schaeffler India’s INA
Bearings Pvt Limited is among the leading suppliers of engine, transmission and
chassis components including needle roller bearings and has generated a growth
of 15% in CY16. The Pune plant, currently running at full capacity, employs 700
people and with the new facility it is expected to generate additional
employment in the future.
Dharmesh Arora, CEO,
Schaeffler India stated, “We see exceptional opportunities 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 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
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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