Schaeffler India Limited
BSE: 505790| NSE: SCHAEFFLER
Sector: Automobile | Industry: Auto Component
ABOUT COMPANY
Schaeffler India Limited (hereinafter as “Schaeffler“ or “The Company”) was incorporated on April 27, 1962. The company is part of the Schaeffler group, one of the Germany’s most innovative and one of the world’s largest family-owned companies.
Schaeffler is in the manufacturer of various motion technologies, used in automobiles. The company has three segments automotive technologies, bearing & industrial solutions and vehicle lifetime solution.
In automotive technologies, the company develops and manufactures automotive parts for engine, transmission and chassis applications for ICE (Internal Combustion Engine), hybrid and electric powertrains as well. In bearing & industrial solutions, it offers products such as ball and roller bearings, plain bearings, bearing housings and accessories, linear bearings and ultra precision drives, lubrication products such as grease and oils, maintenance products like mounting and dismounting tools and condition monitoring systems to various industrial sectors through direct sales channels and distributor network. In vehicle lifetime solutions, it offers spare parts and holistic repair solutions under the brands – LuK, INA, and FAG – and also offers garage service under the brand name of REPEXPERT. Schaeffler Group, in 2002, consolidated the renowned brands INA, LuK, FAG and most recently Vitesco.
In automotive technologies, it caters to customers in passenger vehicle, commercial vehicle, tractor and off-highway segments. The customers in bearing & industrial solutions segments operates in the segments such as Renewables, Machinery & Materials, Transportation & Mobility, and Industrial Automation. Lastly, vehicle lifetime solution caters to independent aftermarket customers, fleet operators and dealerships.
Earning Calls Summary
Q3 Revenue Up 27.4%; Exports Surge 46% on Industrial Bearings
Management opened noting a strong Indian economic performance with estimated Q3 growth at 6.4% and the IMF upgrading full-year GDP forecast to 7%. IIP reached an all-time high of 7.7%, driven by heavy manufacturing and automotive production, with GST 2.0 propelling strong demand traction across segments.
The research report presented here is for informational and research purposes only. It reflects our own views, assumptions, and analysis and is not intended as a recommendation, offer, or solicitation to buy, sell, or hold any security or asset. Please conduct your own due diligence and consult a qualified financial advisor before making any investment decision. Please check our Terms & Conditions page before investing.