Schaeffler India encompasses the Indian operations of Schaeffler Group. The post-merger combined entity offers a vast and diversified mix of products to its automotive and industrial customers. Schaeffler India manufactures these products across its four state-of-the-art facilities in India. The Company also has two dedicated R&D facilities in India that roll out innovative products for the Indian market. Through its thriving after-market network, the Company serves its customers across both the automotive and industrial segments. The company also provides best-in-class training services to important groups such as garages and fleet workshops under the automotive aftermarket and industrial distribution segments. The Company enjoys a prominent position in all its business segments. It has a balanced revenue mix between its automotive and industrial businesses.

Established in 1946, Schaeffler Group is a global automotive and industrial supplier. It manufactures high-precision components and systems for engine, transmission and chassis applications in the automotive segment. The Group also produces rolling and plain bearing solutions for a variety of industrial applications.

The Group owns majority stake in Schaeffler India. With effect from 2018, INA Bearings India Private Limited and LuK India Private Limited merged with Schaeffler India Limited (erstwhile FAG Bearings India Limited). The objective of the merger was to consolidate the Group’s India businesses and optimise the potential of the merged entity. Schaeffler AG, the Group’s flagship company, is a publicly listed stock corporation incorporated under the German law, with its registered office in Herzogenaurach.

Business area of the company

Schaeffler is actively engaged in innovating and shaping the global pace of change. With innovative technologies, products, and services for CO2-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable.

Products & solutions

Automotive OEM:

Chassis components and systems
Clutches and transmission systems
Engine components and precision products
Drives for hybrid and Electric Vehicles (EVs)

Industrial:

Rolling and plain bearings
Linear guidance system
Maintenance products
Maintenance services
Mechatronics
Digital services

Automotive Aftermarket Replacement parts for:

Transmission
Engine components
Chassis components
Intelligent solutions for Repair and service points via platforms such as REPXPERT

Awards

2017: Aisin: Quality Achivement Performe Certificate
2017: Honda: Quality and Delivery Award
2017: Inova - LUK Desempenho Empresarial 2017
2018: Bosch - Certificate of Recognition
2018: Clarus Technology: Destaque Sustentavel
2018: CNH: Suppliers Excellence Awards
2018: Inova - LUK Desempenho Empresarial 2018
2018: Inova - LUK Embreagem 2018
2018: NEI Magazine - NEI Top Five
2018: Quality Achivement Performe Certificate
2018: Sindirepa - FAG Best of the year
2018: Sindirepa - INA Best of the year
2018: Sindirepa - LUK Best of the year
2019: GM: Supllier Quality Excellence Award
2019: Makita: Performance Certificate
2019: Bosch - Supplier Quality Excellence Award
2019: Sindirepa - FAG Best of the year
2019: Sindirepa - INA Best of the year
2019: Sindirepa - LUK Best of the year
2019: VW: Supllier Quality Excellence Award
2020: Sindirepa: FAG Best of the Year 2020
2020: Sindirepa: INA Best of the Year 2020
2020: Sindirepa: LUK Best of the Year 2020

Milestones

1962: Incorporation of Company
1969: FAG Germany acquired shares from Norma Hoffman
1975: Expansion: Railway Bearing plant was commissioned
1986: Name of the company changed to FAG Bearings India Limited
1992: Brand Name changed from NORMA to FAG
1997: JV between LuK and Rane for clutch systems in India
1997: Commissioned export oriented unit for Cylindrical Roller Bearings
1999: Commissioned India's first Wheel Bearing Plant at Vadodara
1999: Production of clutches for Tractors at LuK, Hosur
2001: INA plant set up at Pirangut, Pune
2001: FAG becomes part of Schaeffler Group
2001: Acquisition of Rane LuK to become LuK India
2007: Production of HLA/RFF started at INA, Talegaon
2007: New INA plant inaugurated at Talegaon, Pune. Introduced E1 Spherical Roller Bearings
2011: Commissioned 3rd Generation Wheel Bearing plant at Vadodara
2012: FAG Savli plant inaugurated with advanced Gen C production
2012: LuK : 2nd Plant extension
2012: Production of Hydraulic CRS at LuK, Hosur
2013: Production of OAP started at INA, Talegaon
2015: Schaeffler India - Schaeffler Technology Center
2017: FAG Bearings India Ltd renamed as Schaeffler India Ltd
2017: Announcement of merger
2017: Production of Heavy clutches (Dia 395 and 430) at LuK, Hosur
2018: Closure of merger to form one strong Schaeffler entity in india
2019: Established corporate HQ in Pune
2020: Schaeffler steps up its involvement in Rear Wheel Steering
2020: Schaeffler India signs MoU with Tata Institute of Social Sciences to impart skills training to youth for employability
2020: Schaeffler India’s Automotive Aftermarket division launches wide range of automotive lubricant under the Schaeffler TruPower brand
2020: Schaeffler India launches ‘OPTIME’ making condition monitoring cost-effective for all plant assets

Open Price	3134.65	Volume	4
Prev. Close	3150.85

Performance