Schaeffler AG is planning to make India a global hub for two-wheeler and tractor components. Integrating its subsidiaries, the company is planning to consolidate its diversified businesses (INA, FAG and LuK) into one brand, Schaeffler India.
In 2015, a tune of Rs. 180 crores will be invested on Schaeffler India, to improve manufacturing and engineering capabilities in the country. Same kind of capital will be poured into the Indian wing for the next five years, to make India their global hub for several auto components.
Dharmesh Arora, President and CEO (automotive) at Schaeffler India, revealed the company’s plans, and mentioned intentions to manufacture AMT kits for automakers in the country. Automated Manual Transmission is what automakers are striving to integrate into their vehicles, and those who currently offer AMT equipped cars in India are facing serious shortage of supply, which Schaeffler India intends to plug. Apart from AMT, the company also makes ECM (Electronic Clutch Module or Management), which is waiting to make a break in India.
Magneti Marelli (Italy) is the sole AMT supplier for automakers in India. Recently, Hyundai Motor India and Renault India announced plans to introduce AMT in their small cars, sourced from ZF Sachs (Germany). So Schaeffler India will be the third supplier of AMT equipment to Indian car manufacturers at the least.
Via – Economic Times