Schaeffler to invest ₹4,800 Cr in India

German auto parts giant Schaeffler AG will invest ₹4,800 cr in India over the next 5 years.

Schaeffler AG makes high-precision parts for cars, industrial machines, and clean energy systems like EVs and wind turbines.

The deets: the company plans to ramp up factory capacity, expand into EVs, railways, and clean energy, and localise even more production. It’s a push to get closer to Indian customers and tap into sectors growing faster than global auto demand.

Context: Schaeffler’s India unit clocks ~$1 billion in annual revenue. It’s now merging with Vitesco Technologies—a move expected to double its India size to ₹20,000 crore.

Zoom out: right now, 76% of what Schaeffler sells in India is made in India but they want to push that even higher. For example, they’ll start making wind turbine parts locally, which were earlier imported.

And while EV adoption in India won’t mirror China, Schaeffler sees long-term demand rising across EVs, hybrids, and even traditional engines.