According to the Economic Times of India, the Schaeffler Group recently stated that it will invest 150 million euros (about 10 billion rupees) to India to build a new expansion plant within three years.
Matthias Zink, head of Schaeffler's automotive business unit in Asia Pacific, said that Schaeffler will invest 150 million euros in the expansion of its three existing plants in India, and build a new plant in Savli, Gujarat, India. The new plant will be used to produce low friction balls. Bearings and so on.
Zink also stated that Schaeffler intends to recruit 1,200 new employees within three years, and that the number of employees in India will reach 3,500.
Schaeffler's major customers in India include Maruti Suzuki, Hyundai and Mahindra. Sales in the Indian market account for 5% of Schaeffler’s global sales.
Matthias Zink, head of Schaeffler's automotive business unit in Asia Pacific, said that Schaeffler will invest 150 million euros in the expansion of its three existing plants in India, and build a new plant in Savli, Gujarat, India. The new plant will be used to produce low friction balls. Bearings and so on.
Zink also stated that Schaeffler intends to recruit 1,200 new employees within three years, and that the number of employees in India will reach 3,500.
Schaeffler's major customers in India include Maruti Suzuki, Hyundai and Mahindra. Sales in the Indian market account for 5% of Schaeffler’s global sales.
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