Latest news with #Rosenfeld
India.com
2 days ago
- Automotive
- India.com
This company to invest Rs 48000000000 in India, new plant to be built in..., company is....
This company to invest Rs 48000000000 in India, new plant to be built in..., company is.... German automotive and industrial supplier company Schaeffler AG will invest 500 million euros (about Rs 4,800 crore) in India in the next five years. The reason for this is the country's rapidly growing domestic market. Talking to the media, Schaeffler AG's Global CEO Klaus Rosenfeld said that this investment will focus on expanding production capacity, increasing localization and strengthening the company's presence in electric mobility, railways and renewable energy components. Along with this, the company inaugurated a new manufacturing plant in Shulagiri, Tamil Nadu, which focuses on powertrain, chassis components and advanced technology. The company also operates several manufacturing plants along with research and development (R&D) centers in the country. Investment of Rs 1700 crore in last 3 years In the last three years, the company has invested Rs 1,700 crore to enhance local capabilities. Currently, Schaeffler's Indian business has a revenue of over 1 billion euros. Rosenfeld further said that India offers a particularly favorable environment for growth compared to other global markets. The company operates in 4 main areas 'This is a favorable environment for us, where we feel we can do a lot more,' he said. Globally, Schaeffler operates in four main regions, including the US, Europe, Greater China and Asia Pacific. The Asia Pacific region is managed by the company from Singapore, which has been chosen for its connectivity and ability to effectively connect different markets. However, he stressed that the real place to grow in the region is India. Concerns about purchasing an EV! Rosenfeld did not express any concern over the slow rate of adoption of electric vehicles. He believes that whether electrification is slow or fast, customers will continue to buy vehicles. According to Schaeffler's estimate, by 2030, ICE vehicles will have a 30 percent market share globally, and hybrid and battery vehicles will have a market share of about 35 percent.
Time of India
2 days ago
- Automotive
- Time of India
India is a reliable partner for us amid global challenges, says Schaeffler CEO
The German global automotive and industrial supplier has committed to investing €100 million annually in India over the next five years, while also exploring the prospect of establishing a GCC in the country. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads PUNE: As the geopolitical landscape evolves, marked by tariff tantrums, economic uncertainty, and supply chain disruptions, Germany-based global automotive and industrial supplier, Schaeffler AG , sees India as a reliable partner with significant growth potential worthy of investment. The company has earmarked €100 million (₹900 crore approx, assuming €1 = ₹90) annually for investment in India over the next five years.'In this geopolitical environment with all the tensions and stress in supply chains, with questions of who you are, and who you are going to be friends with, you need to be careful. I think our relationship with India has proven to be strong. We have always seen reliable partners here,' Klaus Rosenfeld , Global CEO of Schaeffler AG, said at a media roundtable held during his week-long visit to Wednesday, the company inaugurated a new manufacturing plant in Shoolagiri, Tamil Nadu, focused on powertrain, chassis components, and advanced technologies. It also operates plants in Pune, Vadodara, and Hosur, along with three R&D centres. Over the last three years, ₹1,700 crore has been invested to enhance local capabilities. Currently, Schaeffler's business in India generates more than €1 billion in further noted that the growth observed in India, along with government initiatives in infrastructure development, digitalisation, and investment in AI, all point in the right direction. Compared to other global markets, India offers a particularly conducive environment for growth. 'This is a friendly environment for us, where we feel that we can do much more,' he Schaeffler operates across four main regions: the Americas, Europe, Greater China, and Asia Pacific--a region which is managed from Singapore, chosen for its connectivity and ability to effectively link this diverse and heterogeneous market. However, he emphasised that 'the real place to be' in the region is the India-UK Free Trade Agreement as an example, he suggested it could serve as a model for the European Union (EU), adding that he hopes that the EU will 'get its act together' to establish a similarly cooperative relationship. While acknowledging the challenges involved, he emphasised the importance of fostering a friendly and reliable partnership based on win-win the slower pace of EV adoption does not appear to be a major concern for Rosenfeld. He believes whether electrification happens faster or slower, customers will continue to purchase vehicles– whether they are electrified or internal combustion engine (ICE) cars. This diversity in demand serves as a hedge for consistent also identified electric two-wheelers as key to India's mobility future. Less common in Germany but essential in India, this segment will see focused investment from the is projecting a global automotive landscape in 2030 where ICE vehicles will account for approximately 30 per cent of the market, with hybrid vehicles and battery electric vehicles (BEVs) each making up around 35 per cent. Regional variations will apply as China, for instance, is already ahead of this curve, with BEV adoption significantly higher than the global hedge against bad times is vehicle lifetime solutions-- services such as repair and maintenance--as they generate consistent revenue, providing stability during economic downturns. 'In bad times, people don't buy cars. They repair cars," he strategy is reinforced by its 2023 acquisition of KRSV Innovative Auto (Koovers), a Bengaluru-based B2B e-commerce platform providing spare parts solutions to India's aftermarket the CEO envisions Schaeffler being recognised as a Motion Technology company and moving beyond the traditional label of an automotive supplier, which he sees as only half the story. "When you consider our core technologies and the breadth of our product portfolio, it's all about motion," he global trade tariffs, Rosenfeld noted that we are moving into a multipolar world with the old idea of free trade being clearly challenged. 'For Europe, this is something of a wake-up call. It is ultimately about competitiveness,' he on the shifting dynamics with China, he added, 'For a long time, Europe and particularly German manufacturers viewed China as a workbench. That perspective has completely changed and the landscape is shifting for global companies like ours.'He believes companies can navigate these changes if they remain open-minded and embrace localisation, which involves real investment in capacity, financial capital, and human AI, which is fast redefining every domain, he believes, the technology holds significant potential in areas involving transactional tasks, however, large-scale and complex manufacturing processes are unlikely to be fully replaced by AI. In these domains, AI can drive substantial improvements in efficiency and cost-effectiveness, making it a valuable tool for operational Schaeffler is also 'carefully looking' at establishing a global capability centre (GCC) in India, further reinforcing the company's long-term commitment to the country.
Time of India
3 days ago
- Automotive
- Time of India
India is a reliable partner for us amid global challenges, says Schaeffler CEO
Pune: As the geopolitical landscape evolves, marked by tariff tantrums, economic uncertainty, and supply chain disruptions , Germany-based global automotive and industrial supplier, Schaeffler AG , sees India as a reliable partner with significant growth potential worthy of investment. The company has earmarked €100 million (₹900 crore approx, assuming €1 = ₹90) annually for investment in India over the next five years. 'In this geopolitical environment with all the tensions and stress in supply chains, with questions of who you are, and who you are going to be friends with, you need to be careful. I think our relationship with India has proven to be strong. We have always seen reliable partners here,' Klaus Rosenfeld , Global CEO of Schaeffler AG, said at a media roundtable held during his week-long visit to India. On Wednesday, the company inaugurated a new manufacturing plant in Shoolagiri, Tamil Nadu, focused on powertrain, chassis components, and advanced technologies. It also operates plants in Pune, Vadodara, and Hosur, along with three R&D centres. Over the last three years, ₹1,700 crore has been invested to enhance local capabilities. Currently, Schaeffler's business in India generates more than €1 billion in revenue. Rosenfeld further noted that the growth observed in India, along with government initiatives in infrastructure development, digitalisation, and investment in AI, all point in the right direction. Compared to other global markets, India offers a particularly conducive environment for growth. 'This is a friendly environment for us, where we feel that we can do much more,' he said. Globally, Schaefler operates across four main regions: the Americas, Europe, Greater China, and Asia Pacific--a region which is managed from Singapore, chosen for its connectivity and ability to effectively link this diverse and heterogeneous market. However, he emphasised that 'the real place to be' in the region is India. Citing the India-UK Free Trade Agreement as an example, he suggested it could serve as a model for the European Union (EU), adding that he hopes that the EU will 'get its act together' to establish a similarly cooperative relationship. While acknowledging the challenges involved, he emphasised the importance of fostering a friendly and reliable partnership based on win-win outcomes. ICE vs EVs Interestingly, the slower pace of EV adoption does not appear to be a major concern for Rosenfeld. He believes whether electrification happens faster or slower, customers will continue to purchase vehicles– whether they are electrified or internal combustion engine (ICE) cars. This diversity in demand serves as a hedge for consistent growth. He also identified electric two-wheelers as key to India's mobility future. Less common in Germany but essential in India, this segment will see focused investment from the company. Schaeffler is projecting a global automotive landscape in 2030 where ICE vehicles will account for approximately 30 per cent of the market, with hybrid vehicles and battery electric vehicles (BEVs) each making up around 35 per cent. Regional variations will apply as China, for instance, is already ahead of this curve, with BEV adoption significantly higher than the global average. Another hedge against bad times is vehicle lifetime solutions-- services such as repair and maintenance--as they generate consistent revenue, providing stability during economic downturns. 'In bad times, people don't buy cars. They repair cars," he noted. This strategy is reinforced by its 2023 acquisition of KRSV Innovative Auto (Koovers), a Bengaluru-based B2B e-commerce platform providing spare parts solutions to India's aftermarket workshops. Meanwhile, the CEO envisions Schaeffler being recognised as a Motion Technology company and moving beyond the traditional label of an automotive supplier , which he sees as only half the story. "When you consider our core technologies and the breadth of our product portfolio, it's all about motion," he explained. Global markets On global trade tariffs, Rosenfeld noted that we are moving into a multipolar world with the old idea of free trade being clearly challenged. 'For Europe, this is something of a wake-up call. It is ultimately about competitiveness,' he said. Reflecting on the shifting dynamics with China, he added, 'For a long time, Europe and particularly German manufacturers viewed China as a workbench. That perspective has completely changed and the landscape is shifting for global companies like ours.' He believes companies can navigate these changes if they remain open-minded and embrace localisation, which involves real investment in capacity, financial capital, and human capital. On AI, which is fast redefining every domain, he believes, the technology holds significant potential in areas involving transactional tasks, however, large-scale and complex manufacturing processes are unlikely to be fully replaced by AI. In these domains, AI can drive substantial improvements in efficiency and cost-effectiveness, making it a valuable tool for operational optimisation. Meanwhile, Schaefler is also 'carefully looking' at establishing a global capability centre (GCC) in India, further reinforcing the company's long-term commitment to the country.
Yahoo
5 days ago
- General
- Yahoo
A Critic of the World of Choice
A History of Freedom in Modern Lifeby Sophia RosenfeldPrinceton, 480 pp., $37 EARLY IN THE AGE OF CHOICE, Sophia Rosenfeld, a professor of history at the University of Pennsylvania, risks ridicule by sympathetically describing the plight of contemporary choosers of products, mates, or ideas. Many of us, she says, particularly if we cannot afford 'consultants, advisors, experts,' or other navigators through our sea of plenty, feel overwhelmed by an 'imagined responsibility for crafting our own happiness.' We feel 'guilty over the last choice, anxious about the next one, and potentially overburdened, even paralyzed by such mundane questions as what to eat for lunch.' This complaint, which Rosenfeld considers common, sounds like the 'woe is me' of unserious people unburdened by serious woes. Yet Rosenfeld gives us a fresh angle on this contemporary cliché by showing how old it is. Immanuel Kant, for instance, wrote in the late eighteenth century—with no supermarkets or social media available to him in Königsberg—about the 'infinite range of objects' available to the free chooser. It's not just us very late moderns who feel overwhelmed. Indeed, in 'Conjectural Beginning of Human History,' the essay Rosenfeld cites, Kant goes back further than she does to find the source of the trouble: It started, Kant says, with the first, calamitous, innocence-ending choice of Eve. The anxiety that accompanies our attempt to choose the perfect spatula is a comic recapitulation of the first sin and our summary ejection from paradise. It is an acting out of what defines us as human beings: the capacity to choose for ourselves. Even so, Rosenfeld reminds us, choice has not always dominated our understanding of freedom. In early modern Europe, free men resisted being dominated by other individuals but welcomed 'a predetermined set of beliefs and . . . social role.' Moreover, insofar as choice was important, it was 'framed in the register of 'Hercules' Choice,'' an allegory about the binary choice between virtue and vice. Freedom consisted not in the opportunity to pick from a multitude of options but in being presented with two and rightly selecting the honorable one. Rosenfeld's book offers a history of our departure from this framework—the 'move away from choices on the model of Hercules and toward those predicated on the satisfaction of one's own preferences in a world rich with increased, as well as less morally freighted, options.' Share Rosenfeld offers her historical findings with a view to our moment of spatulas and lunch anxiety, the present age in which 'our reigning concept of freedom has lost its way.' She agrees with 'contemporary critics' that the 'hegemony of choice' has drawbacks beyond the way it threatens to overwhelm the choosers. That hegemony obscures how irrational our choices often are—and how open we are to manipulations by 'choice architects.' It distracts us from injustice and encourages us to think that good and bad fortune reliably result from good and bad choices. This hegemony also kills our appetite for politics, and therefore, it serves those in power. For feminists—a focus of Rosenfeld's—merely asserting a right to choose in the face of the conservative argument that 'some things are too valuable . . . to be subject to personal choice' has not worked. Nor is it honest, since there are always 'ethical stakes to our decisions' that are elided by those who argue for the ideal of 'choice as such.' Rosenfeld addresses progressives especially, but her disparagement of 'choice idolatry' mirrors disgust in some conservative circles with the 'fetishizing of autonomy.' By unfolding an 'in no way inevitable or even unidirectional' history, Rosenfeld seeks to clear the way for a 'rethinking' of 'our attachment to choice in its current form.' ROSENFELD'S STORY IS SPRAWLING. In her account, the 'deep if loose roots' of modern choice extend at least to the seventeenth century, and mapping them properly requires taking in developments in commerce, religion, courtship, politics, and social science. Notwithstanding this broad scale, she also offers nuance. For example, in a gloss on eighteenth-century novelists' depictions of shopping expeditions, Rosenfeld resists the urge to read too much into the 'sense of autonomy' a female character gets out of the activity. The fictional shopper isn't 'a punk, a goth,' or a representative of some other group set on fashioning an identity through consumer choices; she is, modestly, making careful judgments about quality while 'choosing among the possibilities that she is offered.' The emphasis on choosing a life plan or identity emerges later in the timeline. Nor does Rosenfeld neglect differences between the commercial dimension of our conception of choice and the religious—and specifically Protestant—dimension, which holds that real faith must be 'a decision on the part of the individual, sovereign mind.' Distinguishing between these different sources heightens our sense that choice has been and can be 'variably practiced and variably understood.' Rosenfeld distinguishes her account from pure intellectual histories by laying a heavy emphasis on, and offering close readings of, 'mundane social practices,' through which ideas become second nature. For example, one part of the story of choice in the romantic context is the ball, whose rituals Rosenfeld explains with reference to nineteenth-century dance manuals and novels. As choice in marriage begins to expand, so also do 'informal laws,' enforced by public opinion and hosts, to regulate 'how men and women were going to engage in the world of choice' when 'such powerful emotions as love and desire' were in play. Rosenfeld considers the cotillion (she prefers the French spelling 'cotillon'), a 'series of dance games' played late at night and offering 'temporary freedom from the normal constraints . . . on making and expressing sentimental and erotic choice.' Some variations licensed what would otherwise amount to a breach of etiquette, as with a woman choosing her male dance partner. In one version, the unpicked men must then dance with each other. But even these games of choice, which broke some normal rules governing relations between the sexes, had 'ever more elaborate rules' to manage the rule breaking, a 'stylized, repetitive choreography, with limited room for improvisation'—and therefore, she points out, limited risk to the women participants. Elsewhere, Rosenfeld uses the metaphor of choreography to convey the idea that choice, in practice, involves the setting, mastery, and internalization of rules devised to both facilitate it and keep it under control. Join now Rosenfeld's point is not to argue simplistically that superficial choices hide deeper control, though she mentions critics, from Marx on, who adopted something like that view. The advancing modern world of choice had right-wing critics, too, and, in any case, it caused considerable anxiety across the board. (Medical authorities warned that couples' dances like the waltz could be hazardous to a woman's health, particularly 'if the wrong partner were enlisted.') But, Rosenfeld explains, the main response to 'the growing power of choice . . . was not to reject it but to figure out how to make it work.' What emerged in courtship and other fields was 'bounded choice,' a system of rules in which there were many impediments to choosing but in which choice remained possible. One reason John Stuart Mill's 1859 work On Liberty found such a ready audience for its radical claim that human dignity consisted in choosing one's own plan of life is that it proposed an extension of, rather than an abrupt and massive break from, what Western culture had been doing—in shops, at balls, and in other domains—for some time. AS ROSENFELD'S HISTORY DRAWS nearer to the present, however, her nuanced approach falters. During the twentieth century, she argues, partly under the influence of modern social scientists, choice understood simply as 'freedom from others' desires and demands' becomes a barely questioned premise in the democratic West. As evidence for this claim, Rosenfeld points to the human rights doctrine that developed after World War II. The Universal Declaration of Human Rights, which the United Nations voted up in 1948, is, in Rosenfeld's account, the work of a committee focused 'resolutely on individuals, abstracted from any context and untethered from collectivities of any kind, from family to nation to cultural group.' The 'fulfillment of basic needs' is largely abandoned in favor of 'the opportunity to pursue those needs . . . as one sees fit.' This is a strange way to characterize the Universal Declaration, which anticipates a world in which 'human beings shall enjoy . . . freedom from fear and want.' It is surprising that Rosenfeld sees inattentiveness to basic needs in a document that proclaims a right to 'social security,' to 'just and favorable conditions of work' for 'just and favorable remuneration,' to 'a standard of living adequate for the health and well-being of himself and of his family,' and to 'periodic holidays with pay.' It is surprising that she sees indifference to collectivities of any kind, including the family, in a document that declares the family 'the natural and fundamental group unit of society.' Share The Bulwark Rosenfeld's exaggeration of what she calls the hegemony of choice matters because it encourages us to think that our present troubles are the result of excessive attachment to choice. That in turn renders more plausible Rosenfeld's concluding suggestion that we should consider 'new kinds of politics and subjectivities,' or a 'new conception of autonomy,' or, as she says early in the book, 'other modes for envisioning our future, beyond choice.' Like the 'postliberal' conservative philosopher Patrick Deneen, who declared liberalism a failure in 2018, Rosenfeld worries that the logic of choice has exhausted itself. Today, that threatens to become a self-fulfilling prophecy. But perhaps it's we who are exhausted. In his 'Conjectural Beginning,' the essay mentioned above, Kant warned against our yearning for a 'golden age' of 'universal human equality and perpetual peace.' That yearning 'proves that thoughtful persons weary of civilized life,' understood as a 'gradual development'—despite the evils that accompany freedom—'from the worse to the better.' In fairness to Rosenfeld, the moral rethinking she encourages us to undertake involves, she writes, reflecting primarily on 'philosophical rather than political questions,' which are 'more utopian than anything else.' And she is right that the ideas of freedom that prevail now are not the only imaginable ones. Even so, utopian impatience with choice is probably not what our dystopian, authoritarian moment calls for. Keep up with all our coverage of books, arts, philosophy, and ideas—sign up for Bulwark+ today:
Yahoo
16-05-2025
- Yahoo
Remote Resort Magic Awaits in Careyes, Mexico
In Careyes, I spend an entire afternoon staring out at the ocean, watching pelicans dip and dive into the cool, blue Pacific. The birds are riveting in their precision— gliding above the waves, cutting a sharp right angle as they plunge beak-first into the water, scooping up fish in their sun-yellow gular pouches. I am hypnotized by these magnificent creatures, mesmerized by their wide, white-and-black wingspan against the backdrop of a cloudless, azure sky. I have been to Careyes many times, this remote slip of dry jungle along the coastal edge of Jalisco, Mexico. Discovered in 1968 by Italian banking scion Gian Franco Brignone, who passed away in 2022, Careyes is paradise found, a beachy, Bohemian collective of candy-colored casitas and sprawling oceanfront castles perched across a 25,000-acre estate. There are no hotels in Careyes–you can rent a condo, casita or villa–and to get there you've got to fly into Manzanillo (an hour-and-15-minute drive) or Puerto Vallarta (a three-hour trek). Once you arrive, with its sun-dappled waters and ragged expanse of lush, tropical gardens, you will wonder why you ever vacationed anywhere else. This time I have brought my 16-year-old daughter to Careyes. We are staying in a beachfront suite at El Careyes Club & Residences, a study in simplicity and luxury combined: white-washed bedrooms, a sea shell's throw from the property's five infinity pools overlooking the ocean. Our mission: to do as little as humanly possible. To do nothing, as if it were a sport. But this is no easy task. I am a workhorse, wired for professional productivity. My kid is likewise buckling under the strain and stress of school. The bleak aftermath of the Eaton Fire in Pasadena, where we live, has left us both utterly exhausted. For six days, my daughter and I rotate between the beach, pools and La Duna Restaurant & Bar, El Careyes's on-site eatery serving everything from freshly-made guacamole and tortilla chips to red snapper tacos garnished with homemade salsa. I channel my inner amphibian: I lay on the sand, tilting my head toward the sun. Then I dive (granted, not as elegantly as the pelicans) into the crisp, teal blue ocean. I follow this up by swimming laps. I read an entire book, a pleasure rarely afforded since my days as an English major in college. Rosenfeld by Maya Kessler, you are the ultimate vacation read. There are only a handful of restaurants in Careyes, but they are some of my favorites, both for their delicious culinary fare and their spectacular scenic views. Playa Rosa Restaurant, steps from the sand and surf and decorated with pops of hot pink, features the most perfectly seasoned Caesar salad and tuna tartare. For authentic Italian-style pizza–baked in a specialized oven flown over from Napoli–no place does it better than Lilo Beach Club, Careyes's newest eatery. Set on Careyitos beach, Lilo blends high-end Mexican and Mediterranean gastronomy with a casual hippy vibe. But truth be told, my favorite Italian spot in Careyes will always be Punto Como. Perched in the quaint cobblestone-paved Plaza de los Caballeros del Sol, Careyes' tiny, quaint "town square," Punto Como offers a chalkboard menu of pastas, pizzas, salad, tacos and hamburgers. It's my kids' favorite go-to eatery. On this trip, my daughter and I ate there twice. Shio Sushi, with its motto 'from sea to table,' will ruin you for any other sushi spot. The seaside sushi bar perched on the El Careyes property serves a delectable 15-course Omakase, with a Sunomono salad and Robalo sashimi. The Akami, Kamatoro and Otoro Nigiri are as soft as fresh whipped butter. My daughter, a budding sushi aficionado in her own right, gave Shio this starred review: 'It's as if the fish swam straight from the ocean and jumped onto my plate.' After this meal in Careyes, we may never go to Nobu again.
