Schaeffler AG Overview
Company Headquarters: Germany
Founded: 1883
Workforce: ~90,000
Company Working:
Schaeffler AG (Schaeffler) is a global automotive and industrial supplier. It operates through three business segments, namely, automotive OEM, automotive aftermarket, and industrial. The automotive OEM segment covers engine systems, transmission systems, hybrid and electric drive systems, chassis systems, and e-mobility. The powertrain sub-segment comprises gasoline technologies, diesel technologies, electrification, and digitalization. The e-mobility sub-segment includes hybrid modules, primary components for continuously variable transmissions (CVTs), electric axle drives, hydrostatic clutch actuators, and electric wheel hub motors. The company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, and industries. The automotive OEMs segment offers a range of products for engine systems, transmission systems, e-mobility, and chassis systems.
Schaeffler comprises 151 companies, which also include non-controlled companies. It has 74 manufacturing plants and 18 research & development centres located in 22 countries worldwide, including Spain, China, India, France, Germany, Canada, and the US. Schaeffler Philippines Inc., Schaeffler Skalica, SPOL. SRO, and Schaeffler Bearings Indonesia, PT are some of the key subsidiaries of the company.
Strategy
Schaeffler aims to upgrade its business model to enhance revenue. It is focused on maintaining competitiveness and ensuring the constant availability of its products in key regions, such as Europe, Asia-Pacific, and North America. Its strategies include the expansion of digital technologies for engine systems, e-Mobility, Industry 4.0, and digitalization. It invests in the research & development of forward-looking products and setting new standards in technology. The company strategizes to increase investments in developing eco-friendly drives, urban mobility, interurban mobility, and energy chains.
