Page 2 - Schaeffler

Stock price of this automotive supplier firm has doubled in last 6 months

Shares of Schaeffler India soared 10 per cent to hit a new high in Monday's intra-day trade. The stock has surged 16 per cent in the last four days.

Schaeffler India surges 6%; hits new high on strong March quarter results

In Q1CY22, the company's profit after tax jumped 48 per cent year-on-year(yoy) to Rs 207 crore from Rs 140 crore in Q1CY21.

Margin pressures may offset volumes gains for Schaeffler

Higher content per vehicle, steady aftermarket and exports are growth drivers

Auto exposure to drag Schaeffler's growth this year as vehicle sales drop

Localisation, industrial segment to offset some pressure

Tata Steel, SKF and Schaeffler units colluded on prices of bearings: CCI

However, the CCI added it had decided not to impose a penalty, saying the "ends of justice would be met if the parties cease such cartel behaviour and desist from indulging in it".

Schaeffler merges its India operations, creates a Rs 41-billion entity

The combined entity becomes a leading automotive and industrial supplier with over Rs 41 billion in annual revenues

Engg parts maker Schaeffler to invest Rs 200 cr on new unit in Pune

Industrial and automotive component supplier Schaeffler AG today announced an investment of Rs 200 crore to set up a manufacturing unit at Talegaon, Pune, along with a new research and development unit. The new production facility of the company's arm NA Bearings Pvt Ltd, will manufacture engine and transmission components, serving domestic and exports markets, the company said in a statement. The R&D facility will focus on enhancing product development and engineering capabilities driving innovation for customers, it added. Commenting on the development, Schaeffler India CEO Dharmesh Arora said, "We see exceptional opportunities (in India) as the economy strengthens in the near to mid term and mobility environment continues to evolve for technology suppliers like Schaeffler." This new facility will help the company add capacity and enhance product portfolio to serve our customer needs of future, he added. "This investment is part of our larger strategic growth plan

Multiple merger benefits for Schaeffler India

Share of auto segments, complete systems offerings to help margins

Schaeffler to merge three Indian entities into a single firm

Schaeffler India will issue 10 equity shares to shareholders of INA India