Inauguration of new expanded manufacturing facility of Schaeffler Group

Strengthening of the Schaeffler corporate brand

The merger also brings more visibility to the Schaeffler brand. All company locations will receive a new uniform brand identity governed by the corporate brand Schaeffler. This will help to standardize the worldwide image of all Schaeffler locations. This changeover is taking place as part of the "Global Branding" project, one of the initiatives that make up the future program "Agenda 4 plus One" with which Schaeffler is implementing its strategy "Mobility for Tomorrow". The corporate brand will further strengthen and compement the already strong and well recognized product brands of FAG, LuK and INA.

Commenting on the developments, Dharmesh Arora, said "I thank our shareholders, Board of Directors and all other stakeholders, as this milestone has been possible only due to their strong support. It is a significant moment for Schaeffler in India as we become one strong entity focused on future growth. The new facility in Pune, once it starts production, will enhance our capability and capacity to serve our customers." 

As per the recently announced results, the company's Revenue from operations (net) for the 3rd quarter (July - Sept'18 period) is INR 11,915 million, higher by 18.7% than the corresponding quarter of 2017 and PBT (before exceptional items) is INR 1,782 million, higher by 20.9% than the corresponding quarter of 2017.

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