Schaeffler India appoints new Automotive President

by Suman Gupta

Pune,October 23, 2019 -Leading industrial and automotive supplier, Schaeffler India Limited (BSE:505790, NSE:SCHAEFFLER) announced today the appointment of Mr. Sanjeev Saxena as the new Automotive President. In his new role, Mr. Saxena will be responsible for the Automotive business of Schaeffler in India. Operating out of the company headquarters in Pune, Mr. Saxena will report to Mr. Harsha Kadam, CEO Schaeffler India.

“I would like to welcome Mr. Sanjeev Saxena to the leadership team at Schaeffler. His profound knowledge and distinguished experience will be of great value for the future development of Schaeffler India’s business and customer relationships. We look forward to his valuable contributions and wish him the very best in this new role”, said Mr. Harsha Kadam, Managing Director, Schaeffler India.

In his previous assignments, Mr. Saxena was Business Vertical Head, Information and Connected Systems at SparkMindaGroup &Chief Executive Officer and Managing Director, Minda SAI and Minda Stoneridge. In an illustrious career spanning over 29 years, he has worked with prestigious companies like Delphi, Motherson Sumi Systems, Samtel Electron Devices and Purolator Filters.This includes over seven years of consulting experience.Mr. Saxenais a Mechanical Engineer with additional qualifications in training.

About Schaeffler India Limited : Schaeffler has been present in India for over 50 years. With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 19 sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 45.6 billion in 2018 and around 3,000 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings and wheel bearings that are sold under the brand name of FAG. The plant at Talegaon near Pune, manufactures engine and powertrain components for front accessory drive system, chain drive systems, valve train, gear shift systems and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. All of this is backed by dedicated engineering, research and development support based in India in support of product teams.