The Group is working towards maximising these opportunities across all its markets.
At Schaeffler India, we have fine-tuned our strategic priorities to be aligned with the Group’s Roadmap 2025. Divisional growth and diversification plan form the pillar of our strategies for the next few years. All three business divisions have their own strengths, and we have formed strategic priorities for each business segment based on the market trends in each division. These are supported by functional strategies across operations, supply chain, people and technology.
Ramping up our manufacturing capabilities is an important enabler of our growth. COVID-19 has not prevented us from going ahead with these planned investments; we continue to work on expanding our plants at Savli in Vadodara and Talegaon in Pune. Our focus is to enhance our engineering capabilities to meet existing as well as future demand.
Total manufacturing floor space (sq. mtr.)
Procuring resources locally entails several benefits. It contributes to the growth of our communities. It enables us to rationalise costs, which, in turn, helps us offer competitive prices. Finally, it boosts the efficiency and profitability of our operations.
Over the past few years, it has been our constant endeavour to develop and strengthen our own R&D capabilities. We have built two R&D centres, one each in Pune and Hosur, for this purpose. The objective is to become self-sufficient and optimally use the expertise of our parent. Our extensive R&D capabilities have helped us to launch relevant products customised to the needs of Indian customers.
Investments in R&D in India over the past five years
The integration of our four Central Distribution Centres (CDCs) in Mumbai, Vadodara, Gurugram and Hosur with the two distribution centres in Kolkata and Chennai has made us more efficient and helped reduce costs.
There are significant benefits of having a single location, single invoicing for all three brands, reducing the deployment of resources in the same set of tasks. This new warehouse management system has helped us save time, money and efforts across different stages. These include delivery of materials to customers, documentation and planning. The new system enables better control of uncertainties faced during transit of goods. We continue to further optimise these systems.