Schaeffler Group is the prominent investor in auto and industrial units supply. It has recently announced a jaw-dropping investment of Rs. 750 to 1000 crore in the next five years for the manufacturing of structural inputs of automobiles. It is due to the growing requirement for renewable resources and the abrupt switch from BV IV to BS VI emission norms by 2020, which would require a heavy change in the design and development of the inputs.
The Group delivers high-precision components to produce engine, transmission and chassis applications. Its running motto is “Mobility for tomorrow” for which it keeps itself technologically updated and provides the basic raw materials in best of their quality globally. It generated sales of approximately EUR 13.3 billion in 2016. With around 86,600 employees, Schaeffler is one of the world’s largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.