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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