Schaeffler India, the maker of rolling bearings and linear products, will infuse about 40 million euro each for expansion in India in 2018 and 2019.
The firm is also hoping to complete the merger of its group companies by end of the year.
The three companies which are present in India under the group are Schaeffler India Ltd, INA India and Luk India. The company is planning to expand the plants of INA in Pune and the Schaeffler India plant (FAG) in Gujarat.
Dharmesh Arora, Managing Director of Schaeffler India, said, “INA India and Luk India will merge with Schaeffler India and the process is expected to be completed by 2018. Following the merger, Schaeffler India will be able to expand its product portfolio to include needle roller bearings, linear roller bearings and precision spindle bearings. It would also enable the company to cater to the full range of solutions in engine, transmission and chassis.”
