Schaeffler plans local unit for EV tech solutions
Hoping to ride India’s push for cleaner e-mobility via electric vehicles, German auto component major Schaeffler Group is considering setting up a local engineering unit in India to cater to the growing need from the domestic players to localise technology.
The base will help Schaeffler tailor India-specific solutions, based on the global solutions developed by the company the world over. The group already uses India as a hub for cost-effective solutions for two-wheelers and tractorsNSE ..
Developing such country-specific solutions can get prohibitively expensive, preventing many component makers from investing in research locally, but with the government’s intent clear, component makers are now getting more confident in allocating resources for the domestic market. Earlier, Schaeffler had committed to invest 120 million euros (Rs 1,000 crore) in its Indian operations over the next three years.
Home > WELCOME TO Q&A > Global Q&A
