Schaeffler to scale up CV biz; make India R&D hub for mechatronics

Schaeffler India, a fully owned Indian subsidiary of the $16.5 billion German industrial and automotive component manufacturer Schaeffler Group, is aiming to double its turnover to about Rs 10,000 crore in the next five years.
The company expects the new technology, specially the implementation of new emission and safety norms, will contribute heavily to the growth.
Schaeffler that clocked Rs 4,500 crore revenue in the last fiscal year in India is aiming to lift contribution from the commercial vehicle segment to 10% from about a tiny 7% now to the total revenue from India.
Headquartered in Pune, Schaeffler, is on way to carve out a dominating position in CV with launch of new shield, unitised bearings and rocker arms apart from increasing sales of diaphragm clutches.
Diaphragm clutches demand is rapidly increasing and it currently contributes 40 per cent of the market which is expected to increase to 100 per cent in the next few years. The diaphragm technology provides superior torque transmission throughout the lifetime of the clutch assembly because of its spring characteristics.
According to company, bearing business will also grow with introduction of new technology -shield unitised bearings – which sits on each axles both sides and these bearings don’t require to be attended or greased in lifetime which gives a great advantage of cutting the down time of the commercial vehicles.