Indian automotive market is becoming big day by day and is gaining the attention of many foreign automotive component makers. On a similar note, Schaeffler AG, a German auto parts manufacturing unit is planning to introduce the AMT technology here along with many other automotive solutions. At present the AMT technology is provided by Magneti Marelli to various brands like Maruti and TATA hence, 5 years down the line, the company plans to invest about Rs 900 crores for R&D.
Mr. Dharmesh Arora, President and CEO automotive at Schaeffler India is really looking forward with much optimism in this regards and said in an interview to ET:
We are excited about the thought that the government has plans of increasing the manufacturing share of the total GDP in India. We have been investing quite well. |
This year, we have plans of investing Rs 180 crore in both our manufacturing footprint and engineering capabilities in India. That is a level of investment we will continue for at least the next 5-10 years. In our foreseeable future, we want to increase localisation and engineering competency in the country.
In terms of main focus, at the start we have identified two core sectors --agricultural tractors and motorcycles. These sectors in India will provide whole solutions to Schaeffler globally.
India will be one of the partners of the global technology network of Schaeffler, which means these two sectors will be primarily located in India not just to serve India but also for global needs. For some technologies -- for example, e-mobility, India is in its infancy -- we will be getting them from Germany. Some technologies will be developed in India, while for some we will be dependent on other technology centres.