We are preparing for the future
mobility transformation in the country as well
as leveraging the Group’s solutions on emerging
technologies ensuring a sustainable future for all.
Our acquisition of Koovers1 unlocks the potential of
B2B
e-commerce for vehicle lifetime solutions in India.
Our every action reflects our commitment to agility, sustainability, and deep customer connections. We are globally connected, locally invested, and passionately engaged with our people and society.
1KRSV Innovative Auto Solutions Private Limited
Reduction in GHG emissions
Wasted recycle
Sustainable sourcing
Training hours
CSR beneficiaries
CSR spend
Diversity rate
Accident rate
Closer to customers
Loyalty Index
Women representation on the Board
Independent Directors
Revenue
5.2%
PAT
3.4%
FCF2
22.6%
Dividend
8.33%
1 As of December 31, 2023
2 Free cash flow before cash in and
outflows for M&A activities
Schaeffler India is well placed to capture these opportunities as we introduce and adopt innovative technologies at an even quicker pace, be it our advances in electric mobility, strengthening digitalisation initiatives or offerings of Industry 4.0 solutions.
Eranti Sumithasri
Chairperson
Even when the world was slowing down, India’s progress kept moving forward. And we played our role as catalysts to support the same, propelling industries forward with innovative and sustainable solutions. Beyond numbers, our story is one of agility.
Harsha Kadam
Managing Director & CEO
We drive into the future of mobility with our first-ever acquisition of Koovers. The acquisition strengthens our aftermarket ecosystem including distribution partners and helps us play an important role in the fast growing and evolving digital aftermarket landscape.
Read MoreWorkshops
SKUs
In the realm of motion, Schaeffler stands as the pioneer of innovation and excellence. Through our diverse range of products and services, we meticulously guide, transmit, generate, drive, energise, and sustain motion across all six of our product families.
At Schaeffler, we believe motion is the essence of life. It has been the core element in reimagining mobility while shaping the future with efficient and sustainable solutions.
Read moreWe provide innovative and sustainable products and services for CO2-efficient drives, future mobility, Industry 4.0, digitalisation and renewable energies through three main businesses – Automotive Technologies, Automotive Aftermarket, and Industrial, enabling our customers to be future-ready.
Read more• Automotive Technologies
• Automotive Aftermarket
• Industrial
Read moreWe are distinguished by our strong parentage, enduring client partnerships, diverse product portfolio, innovative capabilities and a robust financial foundation.
Read more
During the year, we achieved a breakthrough nomination in the area of future mobility with one of India’s leading OEMs. With our new project nomination, we expanded our portfolio by offering e-axle solutions to our customers.
Through effective stakeholder engagement, we build relationships and trust, leading us to our goals and shaping the way we think, act, and create value.
Read moreOur interaction with stakeholders helps us identify, assess, and understand the issues material to our business.
Read more
• Financial capital
• Manufacturing capital
• Intellectual capital
• Human capital
• Social and Relationship capital
• Natural capital
In order to create, develop, and shape the future of motion technology not only in India but throughout the world, we draw on our parent company’s extensive experience and knowledge in addition to our deep understanding of opportunities present in the Indian markets. We are truly focusing on ‘Make in India’ for the world.
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In August 2023, we announced our first-ever acquisition of Koovers, a B2B e-commerce platform offering spare parts solutions to Indian aftermarket workshops.
Satish Patel Director - Finances &
CFO
(till 12th February 2024)
Hardevi Vazirani Director - Finance & CFO
Read moreWe have been consistently delivering sustainable financial performance, creating value for all our stakeholders.
Read moreWe partner and engage with our customers to understand their evolving landscape and help them by offering leaner and cleaner solutions.
Read moreWith an overarching understanding of systems and comprehensive services, we support garages in complex repairs and at the same time contribute to extending the operating life of vehicles.
Read moreWe remain committed to delivering reliable and sustainable end-to-end solutions and offerings for our customers.
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