- Business
- Schaeffler India Limited Schaeffler India Limited (SCHAEFFLER.BO) manufactures and supplies precision bearings, engine and transmission components, clutches, and related systems for automotive and industrial applications; its core offerings under the FAG, INA, and LuK brands include ball bearings, cylindrical and spherical roller bearings, wheel bearings, needle roller bearings, dual-mass flywheels, hydraulic clutch release systems, chain drive systems, valve train components, linear motion technology, and condition monitoring systems for sectors such as passenger cars, commercial vehicles, tractors, heavy machinery, textiles, and packaging. The company operates four manufacturing plants in Vadodara (including Savli), Talegaon near Pune, and Hosur, alongside 11 sales offices and extensive aftermarket networks across India, serving domestic and export markets with dedicated engineering and R&D support; headquartered at 15th Floor, Amar Sadanand Tech Park, Pune, Maharashtra, it traces its origins to 1962 as a joint venture that evolved through acquisitions and expansions, including FAG Germany's entry in 1969, INA and LuK integrations in 2001, and rebranding to Schaeffler India Ltd in 2017 following merger closure in 2018. Schaeffler India Limited, a majority-owned subsidiary of Germany's Schaeffler AG (holding approximately 75% stake), reported revenue growth of 11.8% and PAT increase of 7.6% for fiscal 2024, driven by automotive demand recovery, localization rate improvements to 79%, and operational efficiencies amid GST reforms; recent developments encompass the parent group's 2024 merger with Vitesco Technologies Group AG to bolster e-mobility solutions including electric axles, power electronics, and hybrid systems, alongside acquisition of Dhruva Automation & Controls in late 2024 for industrial automation expansion in Asia-Pacific and integration of Koovers for aftermarket e-commerce enhancement. The company advances sustainability through renewable energy adoption, GHG emission reductions targeting climate-neutral production by 2030, and R&D investments of around 5% of revenue into EV components, digital transformation, and energy-efficient motion technologies.