Germany-based industrial and automotive components manufacturer Schaeffler Group plans to set up an engineering unit in India to meet the growing needs of the country’s electric vehicles. The unit will help Schaeffler tailor India-specific solutions, based on the global solutions developed by the company. The group already uses India as a hub for cost-effective solutions for two-wheelers and tractors, some of which are also exported.
Dharmesh Arora, president and CEO, Schaeffler India, said the Group intends to build capabilities in the country for mechatronics and software which will also support many of the e-mobility needs of the global Schaeffler. “We are building up capabilities and investing in India because sometimes the customers in India may require slightly different solutions than what are available globally, or at times their needs (could be) in terms of (a quick) response time.”
With the government increasing its focus towards e-mobility to curb air pollution and rising oil imports, many original equipment manufacturers are planning electric vehicles for the market in the next two years, and suppliers are ramping up technology development to cater to this nascent market.
