Schaeffler Group intends to build capabilities in the country for mechatronics and software areas which can also support many of e-mobility needs.
Hoping to ride India’s push for cleaner e-mobility via electric vehicles, German auto component major Schaeffler Group is considering setting up a local engineering unit in India to cater to the growing need from the domestic players to localise technology.
The base will help Schaeffler tailor India-specific solutions, based on the global solutions developed by the company the world over, reported Economic Times. The group already uses India as a hub for cost-effective solutions for two-wheelers and tractors for the domestic market, which also serves some of its global needs.
Dharmesh Arora, president and CEO, Schaeffler India, in an interaction with ET said that the group intends to build capabilities in the country for mechatronics and software areas which can also support many of e-mobility needs of the global Schaeffler.
Arora further stated that they 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 of India, and many original equipment manufacturers (OEMs) planning electric vehicles for the market in the coming two years, suppliers are ramping up technology development to cater to this nascent market.