Stating that Schaeffler India’s products are specifically designed to meet the requirements of commercial vehicles. Goswami pointed out to the the company’s automatic adjuster units for brakes which compensates for brake lining wear and ensures optimum braking performance. The kingpin bearings the company makes go into the steering axles. These are sealed in order to keep out moisture and dirt and are touted to be maintenance-free. The bearings can absorb radial and axial loads better. Some of Schaeffler’s other CV related offerings include stabiliser bearings, brake adjusters, half-shells and insert bearings.
Present across 50 countries and 170 locations, sources close to Schaeffler claim that it is considering making India a global manufacturing hub for two-wheeler and tractor components. Sources also claim much emphasis will be placed on its product portfolio for commercial vehicles. The group plans to invest Rs. 900 crore towards localisation and R&D in India over the next five years. Meanwhile, Schaeffler India’s aftermarket segment for commercial vehicles continues to do well. Its product range includes the three brands, LuK, INA and FAG, and offers around 20,000 different products for passenger cars, heavy vehicles and tractors. The replacement parts from the original equipment manufacturer cover applications like clutch release systems, engines and transmissions as well as chassis. The LuK product range includes a complete range of clutches and related system solutions, like the LuK RepSet, dual mass flywheels, release systems, and vacuum and steering pumps. Engine and transmission parts from the INA brand for passenger cars, commercial vehicles and buses complete the range. In addition to single belt drive components, tension pulley sets and kits are available for passenger cars and trucks. Valve tappets, rocker arms and finger followers round off the replacement parts range from INA for passenger cars and trucks as well as a large number of transmission components that are also available for heavy commercial vehicles. “Wheel bearings and wheel modules, seals and seal kits are available for customers in the heavy commercial vehicle segment. There’s also a complete range of wheel bearing sets for trucks, such as the recently developed wheel bearing repair set, WheelPro,” Goswami informed.
The company is also paying significant attention to material development and tribology (the study of friction, wear, lubrication and the design of bearings; the science of interacting surfaces in relative motion) to make commercial vehicles lighter and more efficient. To that extent, tools such as simulation and rapid prototyping for developing increasingly complex products that involve mechatronics are being deployed at its engineering centres so that all the necessary tests from individual bearing systems to complete vehicles can be carried out on test stands. “This means we can increase the operating safety of our products and gain valuable insights for developing and improving our products,” said Goswami.
The fact that the company is on the right road is proved once again through its financial performance. Recording above average growth, the company’s revenue increased to EUR 12.1 billion in 2014, representing growth of 8.2 per cent from the year prior. “Our positive revenue and earnings trend once again demonstrates Schaeffler Group’s strength as an integrated global automotive and industrial supplier,” remarked Klaus Rosenfeld, CEO. “By increasing our investment in new technologies and in the expansion of our global production network in 2014, we have laid the groundwork for future growth,” he added. In fact, the automotive division of the Schaeffler Group has grown faster than the market. “The automotive division once again grew considerably faster than global production volumes of passenger cars and light commercial vehicles. We have benefited from the continuing high demand for our products, especially in the key sales markets of China and the US,” Rosenfeld confirmed.
And to take it further, the company has created a strategic concept – ‘mobility for tomorrow’ to be well prepared for the future. For the commercial vehicle segment in India, as Goswami said, the improvement in road networks across the country will provide a tremendous boost for not only the trucking segment but also for the fact that the push to cover longer distances will call for higher standards in safety, cost efficiency and comfort. The company’s recent study, titled ‘Efficient Future Mobility’ that focuses on transport and market conditions in India indicates that some of the company’s technologies represent a reduction of 10 per cent in fuel consumption and CO2 emissions.