Schaeffler India expands industrial production capacity

Global leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), announced the inauguration of manufacturing hall 2 at its manufacturing facility at Savli, Vadodara Gujarat. The inauguration ceremony was graced by Dr. Stefan Spindler, CEO Industrial, Schaeffler Group and Executive Board Member, Schaeffer AG, underscoring the significance of this expansion. The new hall will add the manufacturing capacity for small and medium-size products, which will further enhance Schaeffler’s market competitiveness in this region. The expansion of Savli plant's production capacity is a vital step towards driving localization strategy and meeting the growing demands of the market. Realizing India’s potential as an efficient production hub The inauguration of hall 2, Schaeffler will add additional capacities of over 10,000 sq.m. of production space, to the existing state of the art manufacturing plant in Savli. This increased capacity will enable the plant to manufacture spherical roller bearings (SRB) and spherical rollers, while also expanding its heat treatment capabilities. The enhanced production capacity will support the growing market demand in the wind, heavy industries, and railway sectors now. With this expansion also comes an increase in employment opportunities. By 2025-2026, Schaeffler India expects the employee strength at the Savli plant to double from