Schaeffler is committed to exploring the Indian market further. The industrial and automotive supplier has expanded its operations at INA Bearings in Talegaon, Pune. The company will set up a new manufacturing facility and an R&D facility within the existing premises. The Groundbreaking ceremony for the expansion was held recently. 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 2016.
The new facility will be dedicated to manufacturing engine and transmission components, serving the domestic and exports markets. The R&D facility will focus on enhancing product development and engineering capabilities.
“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 Tomorrow’,” said Dharmesh Arora, CEO, Schaeffler India.
Schaeffler is in the process of merging its two unlisted entities-INA Bearings India Pvt Limited and Luk India Pvt Limited-with the listed company Schaeffler India Limited.