Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 03 2018

Schaeffler India to infuse about 40 million euro for expansion

The firm is also hoping to complete the merger of its group companies by end of the year.

Schaeffler India, the maker of rolling bearings and linear products, will infuse about 40 million euro each for expansion in India in 2018 and 2019.

The firm is also hoping to complete the merger of its group companies by end of the year. 

The three companies which are present in India under the group are Schaeffler India Ltd, INA India and Luk India. The company is planning to expand the plants of INA in Pune and the Schaeffler India plant (FAG) in Gujarat.

Dharmesh Arora, Managing Director of Schaeffler India, said, “INA India and Luk India will merge with Schaeffler India and the process is expected to be completed by 2018. Following the merger, Schaeffler India will be able to expand its product portfolio to include needle roller bearings, linear roller bearings and precision spindle bearings. It would also enable the company to cater to the full range of solutions in engine, transmission and chassis.”

Comment
Related opportunities
  •    About Us:  We began our Journey in 2007 with best in..
    Locations looking for expansion Kharodi
    Establishment year 2008
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Kharodi
  • Electric Two Wheelers
    About Us: Joy E-Bike: India’s one of the leading entrants in..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Guest House / Service Apartments
    About Us: A neoteric conception, U HOSTELS offer a plush accommodation..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Others Food Service
    About Us: Founded in 2016, MOMO JOJO is the most loved..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities