Taking ‘responsibility for tomorrow’ is integral to Schaeffler India’s relentless pursuit of shaping the future of motion and mobility. We are at the forefront of rapid change in the industrial and automotive segments with innovative, sustainable and reliable solutions and services. We continue to build upon our competencies by adopting new technologies to offer high precision and efficient products to our customers.
Our global R&D strengthens our competitive edge by providing access to a larger pool of resources. This also helps us capitalise on the emerging opportunities across internal combustion engine, as well as electric and hybrid vehicles.
Our customers rely on us to offer pioneering solutions for their most challenging problems. As a responsible leader, we are also setting benchmarks in adopting environmental, social and governance (ESG) targets, and enhancing disclosures.
In India, we are progressing well on our long-term roadmap, which is aligned with the Schaeffler Group. Powered by agility, innovation and efficiency, we are leading ahead to create a better tomorrow for all our stakeholders.
Financial Capital
Our financial capital consists of funds from providers of capital and free cash flow, generated during the course of our business, which are our key growth enablers. We remain focused on maintaining a robust and debt-free balance sheet, along with efficient capital allocation, to ensure continuous improvement in our return ratios.
Increase in revenue
Increase in EBIT
Increase in earnings after tax
Manufacturing Capital
Our state-of-the-art manufacturing facilities and logistics centres form the core of our manufacturing capital. We concentrate on regularly upgrading our technology and improving safety and reliability across all our facilities.
On-time delivery
Reduction in customer rejects
Productivity per attendance hour (5-year CAGR)
Intellectual Capital
Our intellectual capital consists of our research and mechatronic centres, an impressive suite of patents and strong brand value, resulting from in-house thrust on R&D and the Group’s expertise. We are continuously embracing high-end digitalisation platforms and tools to drive operational efficiency.
R&D spend
Patent applications
Invention disclosures
Human Capital
Our people are the driving force of our progress. We are focused on building an engaging, progressive, and safe ecosystem. Our policies and processes are designed to help them realise their full potential by creating opportunities for growth and development.
Employee Retention Rate
Loss Time Injury Rate (LTIR)
Of training per person
Social & Relationship Capital
Our efforts towards developing long-term relationships based on trust and transparency with our customers, suppliers, partners and other stakeholders form the basis of social and relationship capital.
Customers
Schaeffler loyalty index
Community
CSR spends
Suppliers
Supplier training
Natural Capital
The natural resources we utilise to conduct our operations and seamlessly deliver products and solutions, constitute our natural capital. We also strive to conserve natural resources by manufacturing environment-friendly products.
Reduction in carbon emissions
Reduction in freshwater consumption
Renewable energy share
We pioneer motion to advance how the world moves
Schaeffler India provides innovative technologies, products and services to make mobility efficient, intelligent and sustainable. Today, we are a partner of choice for India’s biggest original equipment manufacturers (OEMs), new age players and retail customers. We bring reliable offerings and solutions across our three segments of Industrial, Automotive Technologies, and Automotive Aftermarket.
Key highlights
R&D centres
Increase in EBIT
Sales offices
Retail network
Distribution channel partners
Employees
At the recently concluded COP26, India committed to reducing its carbon intensity by 45% by 2030. Considering that automobiles cause nearly one‑fourth of total emissions, transition to cleaner fuels will become a priority. While the future will definitely be decided by the cost-sensitive Indian consumers, the changes we witness will involve both EV and hybrid prototypes.
We have developed EV technology solutions at the Group level and are already catering to this space in the European and Chinese markets and the hybrid segment in the East. In addition to hybrid modules and hybrid drive units, we have made headway as suppliers of electric axle transmission, a key component of electric axle systems. We are thus future-ready for multiple technology platforms. Our strategy will be aligned to the scale of market adoption, which we are actively gauging through close customer collaboration.
We are encouraged by alternate clean technologies such as hydrogen/fuel cell propulsion systems and at a group level, we are making continuous advancements to develop our competencies on that front. This will enable us to become a valuable partner to our customers in the collective journey towards a greener world.
“Schaeffler as a Group has committed to be climate neutral by 2040. Schaeffler India has embarked on this journey to contribute to our global targets, while ensuring a responsible and sustainable tomorrow and further solidifying our stakeholders’ trust. We are also integrating ESG considerations into our business practices.”
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“With the Indian growth story gaining a strong momentum, we are building on technology, competency, and wherewithal to drive significant business in the country across all our segments.”
Read moreOver the years we have stayed on course with our strategy to increase localisation. India, as a market continues to grow, offering wide ranging opportunities with increased demand momentum, despite the pandemic. This, coupled with the conducive policy framework to promote local manufacturing activities, create attractive opportunities for our business. Despite facing multiple challenges due to the ongoing pandemic, we managed to keep the implementation on track with increased efficiency and competitiveness, which has started reflecting on our top and bottom line.
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Enhancing our industrial services portfolio, we launched our Large Size Bearing (LSB) Refurbishment Centre in Jamshedpur, India. Strategically located in the eastern part of the country, where we already have a strong distributor network in place, the state-of-the-art centre allows us to repair a wide range of bearings. These are being used continuously in the operating processes in multiple industries, including steel, cement, railways, power sectors, mining, and paper and pulp.
The facility, commissioned in line with our customer needs,
helps optimise productivity, product lifecycle costs and
overall lead times. Adhering to uniform global standards,
stringent quality parameters and a six-step process,
the customers get a bearing as good as a new one. They
benefit significantly as they get an equivalent of new
bearing performance at a fraction of the cost of
a new bearing.
It represents our commitment to deliver long-term
sustainable value to our customers by combining our
extensive product and industry expertise. The centre
helps combat the pertinent problems of rising energy
consumption, and the costs of maintaining smooth
operations. Refurbishment significantly reduces CO2
emissions, and leads to less waste generation and
raw‑material usage compared to making a new bearing.
The Industrial division offers a wide portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several metres wide. Increasingly, the focus here is on smart products and connected technologies.
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The Automotive Technology division pioneers in developing and manufacturing sustainable technological solutions for passenger cars and commercial vehicles, and tractors.
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Automotive Aftermarket is responsible for our spare parts business and delivers innovative repair solutions of original‑equipment quality. Our three brands, LuK, INA and FAG, offer clutch and release systems, engine, and transmission applications, as well as chassis applications.
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Zero for us is a numeric that matters most in terms of workplace accidents. It’s a number we are striving towards, and have made considerable progress on. We have undertaken a series of initiatives for the safety of our employees such as regular safety training, safety walk‑through with management, and Corrective and Preventive Action (CAPA) tracking for new machines.
We have a robust mechanism to identify, understand and address the root cause of accidents, and the learnings are shared across the Company to avoid reoccurrences. Additionally, plant leadership teams are collaborating with an independent third party for overall risk management to minimise accidents. Our holistic approach towards safety management has led to significant reduction in our LTIR, with some plants achieving the ‘Zero’ level.
LTIR in 2021 against 2.99 in 2016
fatal accidents in 2021
With prudent use of natural capital, we are constantly working towards minimising our environmental footprint. Our environmental approach is based on improving our existing processes and systems, and proactively adopting more efficient processes for new operations.
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Our belief that ‘A company is only as good as its employees’ drives us to create an engaging work environment, which is vital to our success. Towards this, we introduced a spectrum of initiatives to motivate as well as engage our employees.
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We uphold the highest standards of governance in a transparent, fair and ethical manner, keeping in mind the interest of all our stakeholders. Our Board plays an integral role in embedding and sustaining our culture of integrity and accountability.
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