Date: 2013-08-01

Schaeffler Group plans INR 550 crore expansion

At a time when majority of Indian auto components companies are putting their investment plans on hold, Schaeffler Group, German auto component maker, is going ahead with its expansion plans.

Global CEO of the Schaeffler Group Juergen M Geissinger told ET that the current slowdown is temporary and once the market bounces back, the group should be in a position to meet the demand. He said that "To act anti-cyclical at times is also part of our duty. Even in a weakening economy, all new technologies will be introduced in the next couple of years. Therefore, we are not just investing in present technologies, but we are investing in future systems, like start-stop technology, electronic clutch management systems, coding system, etc.

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