Schaeffler India Ltd has successfully completed the merger of INA Bearings India Private Limited and LuK India Private Limited effective October 22, 2018. The combined entity is one of the leading Indian Automotive and Industrial supplier with over Rs 41 billion in revenues and around 3,000 employees. Schaeffler Group also inaugurated a new production hall at its state-of-the-art facility in Pune marking the ‘One Schaeffler’ entity. The new production facility will manufacture engine and transmission components, serving the domestic and export markets.
The facility was inaugurated by Georg FW Schaeffler, Chairman of the Supervisory Board and Klaus Rosenfeld – CEO, of Schaeffler, Avinash Gandhi, Chairman of Board, Schaeffler India Limited and Dharmesh Arora, CEO of Schaeffler India, in presence of other Board members of Schaeffler India Limited.
“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,” said Georg. FW Schaeffler.
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.
Dharmesh Arora, said: “It is a significant moment for Schaeffler in India as we become one strong entity focused on future growth. The new facility in Pune, once it starts production, will enhance our capability and capacity to serve our customers.”