A ground breaking ceremony was performed for Schaeffler India’s new manufacturing facility at INA Bearings in Talegaon, Pune.
The new manufacturing facility and a new R&D facility will come up within the existing premises of the company.
The new production facility will manufacture engine and transmission components, serving the domestic and export markets.
At present, the plant runs at full capacity and employs 700 people. The new facility will generate additional employment opportunities in the future.
Schaeffler is in the process of merging its two unlisted entities, INA Bearings India and Luk India, with the listed entity Schaeffler India.