Automotive Technologies

Leading automotive innovation

Enabling the transition to sustainable mobility

The Automotive Technologies division develops precision products using innovative and sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. Our innovative and customer-first approach makes us the preferred partner of India’s biggest automotive OEMs.

Performance highlights in CY22

₹27,065 mn

Revenue

23.8%

7.32

Schaeffler India Loyalty Index

New products introduced to the market

Reviewing CY22

The Automotive Technologies division was on an upward trajectory in CY22, gaining significant ground on all fronts, especially in the e-mobility segment. A notable highlight was the significant increase in revenue from heavy commercials — leading to a 23.8% y-o-y growth in revenues.
We won significant business from renowned OEMs across PV, CV, and tractor segments. Another milestone in CY22 was the inroads made in the e-mobility segment via our foundation products in the bearing business.
We ramped up major projects in engine components and shift systems, which will play an important role in meeting the upcoming Real Driving Emissions requirements with increased reliability.
We made significant business wins in hybridisation with OEM customers, wheel bearings for fully electrified car platforms, and valve train components for turbocharged gasoline direct injection engines.
On the operational front, we reduced customer warranty costs and increased customer satisfaction. Another notable highlight was reducing product development lead times through operational efficiency initiatives.

Becoming a systems partner for sustainable drivetrain solutions

During CY22, we enhanced our reputation as a systems partner in advanced ICE engine solutions in both engine and transmission areas. To prepare for the future, we are expanding our capacity in Pune and Hosur to develop sustainable drivetrain solutions for ICE and hybrid vehicle systems.

Megatrends and opportunities

Emergence of efficient and sustainable mobility solutions

From an Indian market perspective, we will use various paths to mitigate the environmental impact of automobiles, including ICE, hybrids and fully electric solutions. We focus on delivering cost-effective and customised solutions, leveraging our capabilities to provide innovative solutions.

2.06 mn

Number of charging stations required by CY30*

$35-45 bn

Opportunity in traditional ICE play in India^#

* Source: The Economic Times
^# Source: Mckinsey

Strong focus on emission norms

The ever-growing concern about air pollution prompts the implementation of increasingly stringent regulations to reduce the environmental impact of automobiles. The BS-VI norms, equivalent of European regulation Euro VI, are some of the toughest standards in the world. This presents us with an opportunity to leverage our capabilities to improve existing solutions and create more value for our customers. We are fully prepared to comply with the upcoming CAFÉ and BS-VI phase II norms.

BS-VI norms reduce NOx from diesel cars by 70% and petrol cars by 25%

Pioneering R&D in India

Schaeffler India is committed to developing cutting-edge, innovative solutions for mobility in India. Our localisation efforts are not only limited to manufacturing but also to developing India as an R&D hub for our global operations.

This year, we launched a new mechatronics centre in Pune, which further broadens our capabilities to provide smart solutions to the Indian market. We also increased the number of testing facilities for both local and global requirements, ensuring that we are prepared for a constantly changing regulatory landscape.

Our Automotive Technologies division started the year on a positive note. Despite headwinds later in the year, we sustained our growth momentum and increased our revenues by 23.8% annually. The strength of domestic consumption in India, along with our clear strategy, enabled us to deliver an impressive top-line performance.

Our proactive efforts to ensure supply, cost control countermeasures, and price pass-through enabled us to achieve strong bottom-line performance. We also progressed on our e-mobility transition by partnering with pioneering OEMs.

We made in-roads in emerging technologies, such as e-mobility, whilst winning new business in hybrids and ICE vehicle systems. Our ability to meet diverse needs bodes us well as we view the Indian automotive market as a unique space where ICE, hybrids, and electric mobility will continue to co-exist in the foreseeable future.

For us, customer centricity is more than a motto, and we will continue to deliver innovative products that meet the needs of leading OEMs in India.

Our consistent and clear strategy makes us future-ready, and we are charting a road towards efficient, smarter, and greener mobility solutions. We are gearing up for a sustainable future while continuing to strive towards our vision of pioneering motion.”

Vishwanathan Sambasivan
Acting President (Automotive Technologies)