Schaeffler India Limited Announces the Resumption of Operations in Savli Plant in Vadodara
April 23, 2020 at 08:17 am EDT
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Schaeffler India Limited announced the resumption of operations in Savli plant in Vadodara. The operation in the plant situated in GIDC park resumed post government approval and following all safety norms directed by the MHA. In addition, partial movement of goods have started from warehouses in Vadodara and Chennai, following strict safety protocols. In line with government directives, Schaeffler has extended the closure of plants across Talegaon, Maneja, and Hosur up to May 3, 2020. However, the plants are prepared to resume operations in case of an early approval or relaxations granted by the government. All branch offices and corporate office to remain shut and employees to work from home.
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 Companyâs 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.