Schaeffler India Limited Announces Closure of Plants, Warehouses and Branch Offices Across Talegaon, Maneja, Savli and Hosur
April 03, 2020 at 09:18 am EDT
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Schaeffler India Limited announced that in line with the government directives, the company has ensured the closure of all its plants across Talegaon, Maneja, Savli and Hosur up to April 14, 2020. This closure also includes all warehouses and branch offices across the country.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Company's segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.