Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 to infuse about 40 million euro for expansion

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.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Automobile Accessories
    EV Motors India Private Limited (“EVM”) is a start-up company..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: Mad About Dogs (MAD), an ambitious venture of Mad..
    Locations looking for expansion Delhi
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Other Vocational Training
    About Us: TÜV Rheinland NIFE Academy is a premier vocational training..
    Locations looking for expansion Kerala
    Establishment year 1992
    Franchising Launch Date 2002
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ernakulam Kerala
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities