Incorporated the Company
under the name Precision
Bearings India Limited
FAG Germany acquired shares from Norma-Hoffman Bearing Corporation
LuK India established in Hosur
Set up export-oriented
unit for the FAG business
in Maneja, Vadodara
FAG becomes a part of Schaeffler
Inaugurated INA plant at
Talegaon in Pune
Inaugurated FAG plant
at Savli in Vadodara
Completed merger to establish
one Schaeffler India entity
India corporate HQ
established in Pune
