Latest news with #MatthiasZink
Yahoo
6 days ago
- Automotive
- Yahoo
Schaeffler India opens manufacturing facility in Tamil Nadu
German manufacturer of automotive and industrial components, Schaeffler, has opened a new manufacturing facility in Shoolagiri, Tamil Nadu, India, to boost powertrain production. The 16,500sqm Phase 1 facility, situated within a 108,000sqm land plot, is expected to reach full production capacity by the fourth quarter of 2025. The plant will focus on manufacturing planetary gear systems, hybrid transmission components, and emerging automotive technologies primarily for the Indian market. Matthias Zink, Schaeffler AG powertrain and chassis CEO, said: 'India is a key market for Schaeffler. The new facility represents a significant step in our efforts to expand our global manufacturing footprint and further localise our operations in the region. It supports our long-term growth vision and positions us to better cater to the rising market demands and grow with the Indian market.' Harsha Kadam, Schaeffler managing director and CEO, said: 'The inauguration at Shoolagiri exemplifies our commitment to expanding our capacities and competencies in India, enabling us to meet the evolving needs of our customers better. With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also to future needs as we transition towards E-mobility. We remain committed to the country's 'Make In India' initiative, while embracing sustainable practices. It also underscores the Schaeffler Group's focus towards India as a strategic growth driver.' Schaeffler India currently operates four other manufacturing facilities in Pune, Savli, Maneja, and Hosur, along with three research and development centers. The company employs over 3,700 people in India and has maintained operations in the country for more than 60 years. "Schaeffler India opens manufacturing facility in Tamil Nadu" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
7 days ago
- Automotive
- The Hindu
Schaeffler India opens new plant in Tamil Nadu
Schaeffler India Limited, a motion technology company, has inaugurated its fifth manufacturing facility in Shoolagiri, Tamil Nadu. A press release said the plant, which has come up with an investment of ₹330 crores and spread across 16,500 sq. Metres, is dedicated for production of powertrain and chassis components and futuristic technologies. As part of Schaeffler India's strategy to address growing market demands within the automotive industry, the manufacturing facility will serve as a hub for production and expansion of conventional and electrified powertrain technologies, primarily for the Indian market. With this facility, the company also aims to increase its transmission component capacity significantly. Schaeffler AG CEO Powertrain and Chassis Matthias Zink said in the press release that 'India is a key market for Schaeffler. The new facility is a significant step in our efforts to expand our global manufacturing footprint and further localisation in the region.' According to Schaeffler India Managing Director and CEO Harsha Kadam, 'With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also future needs as we transition towards e-mobility.' As compared to the initial commitment of ₹1,500 crores, Schaeffler India has invested ₹1,700 crore over last three years (from 2022 to 2024) to expand its local capabilities in India. This includes the expansion of new product lines for powertrain solutions, e-mobility solutions as well as large and medium-sized bearings for industrial applications. Schaeffler India also strengthened its presence in the digital automotive aftermarket space, with the acquisition of KRSV Innovative Auto Solutions Pvt. Ltd. (Koovers), a B2B e-commerce platform in 2023, the release added.
Time of India
28-05-2025
- Automotive
- Time of India
Schaeffler India invests Rs 1,700 cr in 3 years to expand local capabilities
Mobility tech firm Schaeffler India on Wednesday said it has invested Rs 1,700 crore over the last three years to expand its capabilities, including expansion of new product lines for powertrain solutions and e-mobility solutions , in the domestic market. The company also announced the inauguration of its manufacturing plant at Shoolagiri in Tamil Nadu for powertrain and chassis components and futuristic technologies as part of its strategy to address growing market demands within the automotive industry. The manufacturing facility will serve as a hub for production and expansion of conventional and electrified powertrain technologies, including planetary gear systems, hybrid transmission components, and new emerging innovations primarily catering to the domestic market. The other four manufacturing plants are located in Pune, Vadodara (2) and Hosur besides three research and development centres. As compared to the initial commitment of Rs 1,500 crore, Schaeffler India has invested Rs 1,700 crore over the last three years (from 2022 to 2024) to expand its local capabilities in India. This includes the expansion of new product lines for powertrain solutions, e-mobility solutions as well as large and medium-sized bearings for industrial applications, the company said. Live Events The company said it has also strengthened its presence in the digital automotive aftermarket space, with the acquisition of KRSV Innovative Auto Solutions Pvt Ltd (Koovers), a B2B e-commerce platform in 2023. "India is a key market for Schaeffler. The new facility is a significant step in our efforts to expand our global manufacturing footprint and further localization in the region. It supports our long-term growth vision and positions us to better cater to the rising market demands and grow with the Indian market," said Matthias Zink, CEO powertrain and chassis at Schaeffler AG. With the new manufacturing facility, the company also aims to increase its transmission component capacity significantly. "With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also future needs as we transition towards E-mobility," said Harsha Kadam, Managing Director and CEO, Schaeffler India Limited . Schaeffler India remains "committed" to the ' Make In India ' initiative, while embracing sustainable practices. It also underscores the Schaeffler Group's focus towards India as a strategic growth driver, he added. PTI
Time of India
28-05-2025
- Automotive
- Time of India
Schaeffler India opens new manufacturing facility in Tamil Nadu
The new facility spans a total plot of 108,000 square metres, with the first phase covering 16,500 square metres. This phase is expected to reach full operational capacity by the fourth quarter of calendar year 2025. The plant will increase capacity for transmission components and support the development of new technologies aimed at the domestic market. Localisation goals Matthias Zink, CEO Powertrain & Chassis at Schaeffler AG, stated, ' India is a key market for Schaeffler. The new facility is a significant step in our efforts to expand our global manufacturing footprint and further localization in the region. It supports our long-term growth vision and positions us to better cater to the rising market demands and grow with the Indian market.' Harsha Kadam , Managing Director and CEO, Schaeffler India Limited , said, 'The inauguration at Shoolagiri exemplifies our commitment to expanding our capacities and competencies in India , enabling us to better meet the evolving needs of our customers. With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also future needs as we transition towards E-mobility. We remain committed to the country's 'Make In India' initiative, while embracing sustainable practices. It also underscores the Schaeffler Group's focus towards India as a strategic growth driver.' From 2022 to 2024, the company has invested ₹1,700 crore to expand its local capabilities, exceeding the original commitment of ₹1,500 crore. This includes the development of powertrain and e-mobility solutions, as well as bearings for industrial use. In 2023, Schaeffler India also acquired Koovers, a B2B e-commerce platform, to enhance its presence in the digital automotive aftermarket.
Yahoo
07-04-2025
- Automotive
- Yahoo
Schaeffler begins production of ball screw drives for Chinese EV manufacturer
Schaeffler, a German manufacturer of machine and car parts, has commenced production of ball screw drives (KGTs) for a Chinese electric vehicle (EV) manufacturer. KGTs are integral to advanced steering and braking systems which includes electric parking brakes, electromechanical brakes and in steering systems, where they contribute to improved manoeuvrability, safety and comfort. Since 2007, the company has produced over 140 million KGTs for various automotive applications. The KGTs are also pivotal in lane-keeping and park assist systems, providing high efficiency, low energy requirements, and superior noise and vibration reduction. The high load-carrying capacity of Schaeffler's KGTs enables their use in light commercial vehicles, allowing for easier steering in small trucks, vans, and pickups. Schaeffler Powertrain & Chassis CEO Matthias Zink said: 'Schaeffler has almost 20 years of experience in the volume production and ongoing development of ball screw drives. In this context, it benefits from its manufacturing excellence and worldwide customer proximity, especially in China. 'The sustained success of our reliable ball screw drive is clear proof that customers are won over by the quality of our precise mechanical components. We are also proud, as a leading Motion Technology Company, to be a reliable partner for our Chinese customers in the growing market for braking and steering systems.' KGTs are designed to turn rotational motion into linear motion without slippage, using integrated balls as rolling elements. This results in nearly frictionless movement, enhancing the efficiency of the systems. Schaeffler's production of automotive KGTs extends beyond steering systems to brakes and drive and power transmission systems. In February 2025, Schaeffler launched its latest production line for KGTs in Xiangtan, China to cater to the local market's growing demand for high-quality steering system components. Schaeffler also operates additional manufacturing facilities in France, South Korea, Mexico, and Slovakia. Schaeffler Group Chassis Solutions Business Unit head Timo Schmidt added: 'When developing the KGT for the steering systems of premium vehicles and SUVs, Schaeffler is taking account of the more stringent requirements in respect of smooth and quiet running and the larger vehicle weight.' The next generation of vehicles will be fitted with electromechanical service brakes that brake each individual wheel intelligently and quietly and will thus make a further contribution to brake-by-wire technology. We have received our first nomination from a customer for KGTs for electromechanical brake systems and are already preparing for the start of production.' "Schaeffler begins production of ball screw drives for Chinese EV manufacturer" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
