Schaeffler India will hold a meeting of the Board of Directors of the Company on 23 July 2024.Powered by Capital Market - Live News

Schaeffler India has announced the launch of its innovative Planetary Gear System (PGS) from Schaeffler`s Hosur Plant. This solution is specifically designed for Dedicated Hybrid Transmission (DHT) vehicles in India. This innovative product marks a significant step forward in the Indian automotive sector, aligning with the Government of India`s `Make in India` initiative and the growing demand for hybrid vehicles. PGS by Schaeffler India will not only enhance vehicle performance but also offer several benefits to OEM partners. By manufacturing these systems locally, we are offering a robust value proposition to our OEM partners. This local production ensures Schaeffler India brings its global innovation and quality to local OEM partners in India. Schaeffler`s advanced Planetary Gear System compliments hybrid automotive technology and ensures reduced emissions, improved mileage and provide versatile functionality, ensuring smooth operations and seamless gear shifts in hybrid vehicles. The Planetary Gear Systems are engineered to support the changing consumer behavior and increasing demand for hybrid vehicles. This technology further strengthens our commitment to innovation and sustainability, as our new and improved gear systems are crucial in reducing the overall carbon footprint of the automotive industry. In addition to their application in hybrid vehicles, Planetary Gear System can be customized for use in Eaxle variants, providing flexible solutions to meet the diverse needs of modern vehicle manufacturers. Powered by Capital Market - Live News

As the monsoon season approaches, the Motion Technology company Schaeffler India is empowering commercial vehicle fleets to navigate the challenging times with a strategic digital campaign for its definitive clutches and drivetrain components aftermarket brand, LuK.Widely recognized for its innovation, longevity, and original equipment-matching quality, Schaeffler`s LuK finds its way into every third car globally. The launch of the ad films marks Schaeffler India`s latest communication in its #Badhechalo marketing drive for intelligent repair solutions for all vehicle classes. Released across social media platforms, the films depict customers who trust Schaeffler India`s LuK line of transmission solutions for their growing business because they feature cutting-edge clutch technology, with a life span twice the average, and are quickly serviceable.Schaeffler`s knowledge of how drivetrain components interact, including clutches, release systems, vibration damping, transmission components and even up-andcoming drive concepts such as hybrid systems, translates to ingenious solutions for original equipment or its comprehensive repair solutions in the aftermarket. Powered by Capital Market - Live News

Net profit of Schaeffler India rose 0.16% to Rs 219.72 crore in the quarter ended March 2024 as against Rs 219.37 crore during the previous quarter ended March 2023. Sales rose 10.60% to Rs 1873.13 crore in the quarter ended March 2024 as against Rs 1693.62 crore during the previous quarter ended March 2023. ParticularsQuarter Ended�Mar. 2024Mar. 2023% Var. Sales1873.131693.62 11 OPM %17.6118.58 - PBDT360.16346.57 4 PBT297.70294.12 1 NP219.72219.37 0 Powered by Capital Market - Live News

Schaeffler India will hold a meeting of the Board of Directors of the Company on 25 April 2024.Powered by Capital Market - Live News