Leading industrial and automotive supplier, Schaeffler India Limited announced that the Board of Directors approved the results for the first quarter ended March 31, 2018. From January to March 2018 the total income (net) for the quarter increased to Rs 5,458 million, higher by 14.5 per cent than the corresponding quarter of 2017. EBT for the quarter increased to Rs 981 million at 18 per cent to total income (net) which is in line with the corresponding quarter of 2017.

With the deadlines inching closer, demand for certain technologies are gaining prominence, which is forcing the auto industry to be ready and be upto scale. Be it BS VI norms, electrification or technology disruptions in terms of IoT, much like a universe, the industry is expanding from all sides. The Indian automotive industry has been through some major upheavals, but none like the recent couple of years. From financial to technological disruptions, the industry, which comprises of a healthy blend of OEMs and tiered suppliers, has been either scrambling or sailing smoothly through the tides of change. Certain trends prove to be beneficial to some manufacturers while some others will be washed away with the tides of change.

Schaeffler India Limited announced that the requisite majority of the shareholders and creditors of the Company have voted in favour of the scheme of amalgamation of the two unlisted entities, INA Bearings India Private Limited and LuK India Private Limited with Schaeffler India Limited at their respective meetings held on March 20, 2018, in line with the NCLT, Mumbai order and SEBI requirements.

The budget aims to drive consumption by giving push to infrastructure & MSMEs sector and developments in rural areas. While the automotive industry will benefit from these measures, the budget could have done more, says Rakesh Rao.

MIT- COE, Pune won the maiden edition of Schaeffler India ‘Open Inspiration’ Platform finals held in Pune for showcasing its idea on a model hybrid bike.

German company Schaeffler AG has decided to expand further in eastern Europe by opening a new plant in the Svitavy, Czech Republic. The plant is going to manufacture thermal management modules (TMM) that can be used in IC engines.

The ever-changing auto industry moves quicker than ever. Can an industry like bearings keep up? The wheel might be the oldest human invention, but bearings come a close second. As the world of motion takes a faster track, a time-tested invention would have to keep up with it. Whether it is improvement in lubrication or in the bearings material itself, manufacturers are looking into how bearings can contribute to the industry trends as well developing intelligent bearing solutions for various automotive applications.

German company Schaeffler AG has decided to expand further in eastern Europe by opening a new plant in the Svitavy, Czech Republic . The event was attended by high-ranking guests to note the company’s lasting reinforcement in eastern Europe with investments worth 100 million euros. The plant is going to manufacture thermal management modules (TMM) that can be used in IC engines.

Matthias Zink has assumed his position as a member of the Executive Board of Schaeffler AG as of January 1, 2017. He is as Co-CEO Automotive responsible for the business divisions Transmission Systems etc.