Schaeffler to merge three Indian entities into Schaeffler India

Schaeffler will merge its three local entities (Schaeffler India, INA India, and LuK India) under the listed subsidiary Schaeffler India to simplify structure and accelerate growth in India. The merger requires regulatory approvals and will double employee count from 1,500 to over 3,000.

“The merger is mainly to simplify our structure in India, reduce complexity and establish one strong – entity for an accelerated growth strategy in India.”moneycontrol.com

• 1 source
• moneycontrol.comMerger to form a leading automotive & industrial supplier in India: Schaeffler CEO- Moneycontrol.comAug 31, 2017

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