At Schaeffler India, we are committed to driving progress, creating value, and fostering sustainable growth for our customers, investors and communities. Our manufacturing plants are essential in executing strategic initiatives focused on localisation, cost efficiency and digital transformation. These efforts enhance our production capabilities and strengthen our supply chain resilience, ensuring we deliver high-quality products that meet evolving market demands.
By investing in innovation, development and capacities, we enhance operational efficiency while building robust partnerships with local suppliers, responding dynamically to customer needs, and upholding our promise to deliver excellence in every aspect. We had strategically earmarked ` 1,500 crore for investment over a period of three years, positioning us for substantial returns that promise to enhance and strengthen our competitive edge in the years to come. We remain committed to strategically investing in our products, people, and processes to enhance market share, consequently driving sales growth and profitability for customers.
Driven by our customers’ needs and aspirations, we maintain a steadfast commitment to delivering exceptional service as we navigate the ever-evolving market landscape. By integrating profound local insights with global expertise, we develop innovative solutions that elevate operational efficiency and ensure outstanding performance. This coupled with our focus on localisation enables us to meet customer demands with precision and agility.
Localisation is at the core of our strategy for addressing the unique demands of the Indian market. Our commitment to localisation involves understanding the distinct needs of sectors, collaborating with local suppliers and investing in regional talent. Our localised sourcing strategy also remains pivotal to building resilience across our supply chain. Through this approach, Schaeffler India seeks to drive innovation, elevate customer satisfaction, optimise cost efficiency, and make a meaningful contribution to the nation’s progress.
As a forward-looking company, Schaeffler India prioritises investment in research and development, embodying the inventive spirit and determination that were core virtues of our founding leaders in guiding our endeavours. We utilise advanced technology to foster innovations that make tomorrow’s mobility even better. With the rapid adoption of a digitalization roadmap for our supply and purchase operations, we are streamlining operations, facilitating internal collaboration and automating routine tasks. We continuously work to refine processes, reinforcing our commitment to efficiency driven by innovation.
India’s talent pool is recognised globally for its robustness and diversity, playing a pivotal role across industries worldwide. Coupled with the Government of India’s initiatives to enhance ease of doing business, the nation offers an increasingly favourable environment for manufacturing excellence. At Schaeffler India, we leverage this exceptional talent to drive innovation and optimise efficiency, delivering transformative benefits that resonate across local and global markets.
Sustainability is a core pillar of our corporate strategy, integral to our identity and operations. We are committed to environmental and social stewardship throughout our value chain, aiming for climate-neutral production by 2030 and a climate-neutral supply chain by 2040. It solidifies our dedication to reducing our carbon footprint and inspires us to embrace sustainable practices like advancing renewable energy adoption, driving energy conservation and minimising water usage.
Dear Stakeholders,
In 2024, we encountered both challenges
and triumphs that tested the limits
of our capabilities. The remarkable
resilience and adaptability shown by
our operations team have underscored
our ability to not only navigate but
thrive amidst market unpredictability.
This collective strength has reaffirmed
our commitment to excellence.
During the year gone by, we have invested ` 6,911 million for capacity expansion, introduction of new products, increase localisation efforts and improve our plant infrastructure. We executed several projects successfully, including the launch of Planetary Gear System from Hosur, SLH Housing in Pune and Spherical Roller Bearings in Savli.
Our commitment to quality and digital transformation has enhanced our productivity and we expect to maintain this momentum by exploring new digital opportunities and introducing innovative solutions for elevating operational excellence with agility and resilience.
We continue to make significant progress in our logistics and supply chain by implementing process automation and scaling up warehouse facilities with digital solutions. It has enabled us to effectively meet customer demands while optimising cost efficiency, ensuring a seamless and responsive supply chain operation.
Safety in our plants continues to be a paramount priority for us. While we faced challenges in meeting our accident rate target, our commitment to safety remains strong. We are dedicated to continuously improving our safety standards and processes to ensure the well-being of our teams and the achievement of our safety goals. Alongside this commitment, we have made significant progress toward our sustainability targets, underscoring our dedication to fostering a safe and responsible operational environment. Collectively, the plants overachieved the EEP goal and achieved 906 MWh saving and freshwater withdrawal of 14,782 m3.
Looking ahead, we are confidently poised for sustainable growth, embracing the opportunities and innovations that the coming year promises to bring.
Chief Operating Officer
Perspectives from our Plant Leadership
"Schaeffler’s manufacturing facility in Savli, is acknowledged as a growth engine of our Bearings & Industrial business in India. During the year, our focus remained on product portfolio expansion and addition of new lines to our existing range to meet the evolving needs of our customers."
(Savli)
"2024 saw significant strides in infrastructure and capacity expansion enhancing our capabilities to meet the country’s automotive industry demands. Our commitment to delivering enhanced stakeholder value is exemplified through expansions, ensuring we are ready to meet future demands and challenges."
(Talegaon)
"Our flexible and aglie manufacturing facility at Maneja is a pioneer in bearing manufacturing. In 2024, we continued to invest in digitalization processes and efficiency improvements as we maximized our localisation efforts and continue to enhance operational efficiency by meeting customer demand on time."
(Maneja)
"Schaeffler’s Hosur plant plays a vital role in serving both domestic and international markets. Our new greenfield plant in Hosur marks a transformative shift towards digitalization, as we make way for advanced technologies to deliver innovative solutions to meet evolving market needs."
(Hosur)
