About Schaeffler India Limited

Schaeffler India Limited is a leading motion technology company in India, incorporated in 1962, and forms part of Schaeffler AG’s global network. With over six decades of presence, the company has transformed from a bearings manufacturer into a comprehensive Motion Technology Company, pioneering innovative solutions for mobility and industrial applications. Guided by the parent group’s motto, “We pioneer motion”, the company has played a pivotal role in advancing India’s mobility and industrial landscape.

Schaeffler India’s Business Segments

Schaeffler India operates across three core divisions:

• Automotive Technologies – offering advanced solutions in e-mobility, powertrain and chassis components, including hybrid, fully electric, and fuel cell technologies.

• Vehicle Lifetime Solutions (VLS) – providing OEM-grade repair solutions, aftermarket services, and digital platforms such as REPXPERT and KOOVERS to empower workshops across India.

• Bearings & Industrial Solutions – delivering an extensive range of rolling and plain bearings, linear and direct drive technology, along with maintenance and condition monitoring systems, focused on Industry 4.0 and smart manufacturing.

The company’s portfolio is further strengthened through Schaeffler AG’s acquisition of Vitesco Technologies AG in 2024, bringing in enhanced offerings across eight global product families such as Guide, Transmit, Control, Drive, Power, Generate, Energize, and Sustain Motion.

Schaeffler India has a wide presence with 4 manufacturing plants, 3 R&D centres, 7 sales offices, and over 330 distribution partners, supported by a retail network of 33,000+ across India. Its registered office is at Amar Sadanand Tech Park, Baner, Pune, Maharashtra.

Schaeffler India Limited Key Milestones

• Capex Expansion: Capital expenditure of ₹6,911 million during 2024 to support greenfield expansion at Hosur, brownfield expansions at Savli and Talegaon, and automation initiatives.

• Recognition: Named among India’s Top 500 Value Creators 2024 by Dun & Bradstreet, securing the number one position in the bearings category.

• Sustainability Drive: Achieved 62% sustainable sourcing, averted 31,060 tCO₂e emissions, and conserved 14,782 m³ water through recycling. Pune plant successfully concluded a Sustainability Data Assurance Audit under ESRS.

• Social Responsibility: CSR initiatives under the HOPE programme impacted 118,804 beneficiaries, spanning water conservation, skill development, education, and healthcare.

• Brand Campaigns: Launched digital and video campaigns including LuK #Badhechalo, TruPower Wiper Blades, and ICC T20 World Cup 2024 promotions, significantly expanding visibility.

Schaeffler India Limited Key Management

• Eranti Sumithasri – Chairperson

• Harsha Kadam – Managing Director & Chief Executive Officer

• Hardevi Vazirani – Director – Finance & CFO

• Dharmesh Arora – Non-Executive and Non-Independent Director

• Andreas Schick – Non-Executive and Non-Independent Director

• Jens Schüler – Non-Executive and Non-Independent Director

• Amit Kalyani – Independent Director

• Arvind Balaji – Independent Director

• N. V. Sivakumar – Independent Director

Latest Updates on Schaeffler India Limited

• Manufacturing Expansion: Greenfield facility at Hosur positioned as a world-class motion technology hub; capacity expansion at Talegaon and Savli plants to enhance localisation and operational efficiency.

• Strategic Acquisitions: Integration of KOOVERS (aftermarket digital platform) and KRSV Innovative Auto Solutions to strengthen aftermarket presence across India.

• Technology and R&D: Over ₹1,070 million invested in R&D in 2024; rapid localisation of Hydraulic Latch Adjusters and development of Spherical Roller Bearings; launch of the Planetary Gear System for hybrid applications.

• Sustainability Achievements: Target of climate-neutral production by 2030 and supply chain by 2040; CSR fellowship programme expanded, fostering social innovation in renewable energy, carbon neutrality, and circular economy.

• People Excellence: Workforce of 3,605 employees with 30% women in leadership roles; 91% employee pulse survey score; initiatives in diversity, inclusion, and digital capability building.