Schaeffler to Invest €500M in India Over 5 Years.

Schaeffler AG, the German motion technology powerhouse, announced a substantial investment of €500 million in India over the next five years. The commitment, revealed by Global CEO Klaus Rosenfeld, underscores the company's aggressive growth strategy in the South Asian nation.

The investment, averaging €100 million annually, will be strategically deployed to significantly ramp up production capacity and boost localization efforts across Schaeffler's Indian operations. This move aims to further strengthen the company's presence in key sectors including e-mobility, bearings, industrial solutions, powertrain and chassis components, special machinery, and vehicle lifetime solutions.

"We are actively seeking opportunities to expand our business in India and are deeply committed to investing here," stated Klaus Rosenfeld during a media roundtable. "We anticipate investing close to €100 million each year, which will, over time, also expand the company's revenue base."

Schaeffler AG is targeting double-digit growth from its Indian ventures, signaling strong confidence in the market's potential and its own capabilities to capitalize on emerging opportunities in the country's rapidly evolving industrial landscape.