Inaugurates new manufacturing hall in Savli, Vadodara, to meet growing market demands
Pune, June 28 2023: Global leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), announced the inauguration of manufacturing hall 2 at its manufacturing facility at Savli, Vadodara Gujarat. The inauguration ceremony was graced by Dr. Stefan Spindler, CEO Industrial, Schaeffler Group and Executive Board Member, Schaeffer AG, underscoring the significance of this expansion.
The new hall will add the manufacturing capacity for small and medium-size products, which will further enhance Schaeffler’s market competitiveness in this region. The expansion of Savli plant’s production capacity is a vital step towards driving localization strategy and meeting the growing demands of the market.
Realizing India’s potential as an efficient production hub
The inauguration of hall 2, Schaeffler will add additional capacities of over 10,000 sq.m. of production space, to the existing state of the art manufacturing plant in Savli. This increased capacity will enable the plant to manufacture spherical roller bearings (SRB) and spherical rollers, while also expanding its heat treatment capabilities. The enhanced production capacity will support the growing market demand in the wind, heavy industries, and railway sectors now.
With this expansion also comes an increase in employment opportunities. By 2025-2026, Schaeffler India expects the employee strength at the Savli plant to double from the existing numbers, signifying the company’s commitment to creating sustainable employment and fostering economic growth in the region. It also supports the country’s ‘Make In India’ call and Schaeffler is proud to contribute towards the initiative.
Dr. Stefan Spindler, CEO Industrial, Schaeffler AG, said: “Schaeffler is a global company with a local presence, and we continue to invest judiciously in India. We recognize India’s strategic importance in the manufacturing space and as a mature industrial market for us in the region. This expansion will enable Schaeffler to meet the market demands and grow with the Indian market.”
Harsha Kadam, CEO and Managing Director, Schaeffler India Limited, added, “The inauguration of Savli Hall 2 exemplifies Schaeffler India’s commitment to customer centricity. By expanding production capabilities, the company is adding local competency towards small and medium sized spherical products, making Schaeffler well-positioned to serve the customer needs even better. It reinforces Schaeffler group’s commitment towards India and strengthens our position as a leading provider of high-quality bearings and precision products.”
Schaeffler India’s Savli plant currently carries out all quality related work, such as heat treatment of raw material, Face & outer outside diameter grinding and honing (precision grinding) the inner and outer rings of rolling bearings. The various products produced are Small Ball Bearings which are used in two wheelers, Cylindrical Roller Bearings (CRB), Tapered Roller Bearing (TRB), Spherical Roller Bearings (SRB) and Large Size Bearings (LSB) that caters to wind, railways and heavy machinery sectors. Savli plant also caters to exports towards intercompany demands of Schaeffler Group.
Schaeffler Group – We pioneer motion
As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable – over the entire life cycle. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications.
The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 84,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,250 patent applications in 2022, Schaeffler is Germany’s fourth most innovative company according to the DPMA (German Patent and Trademark Office).
About Schaeffler India Limited
Schaeffler has been present in India for over 60 years. With three well known product brands LuK, INA and FAG, four manufacturing plants and eight sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 68.7 billion in 2022 and around 3,190 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings (SRB) and wheel bearings which are sold under the brand name of FAG. The plant at Talegaon near Pune, manufactures engine and powertrain components for front accessory drive system, chain drive systems, valve train, gear shift systems and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. All of this is backed by dedicated engineering, research and development support based in India in support of product teams.