Mission Statement, Vision, & Core Values (2025) of Schaeffler India Limited.

An Overview of Schaeffler India Limited

General Overview of Schaeffler India Limited

Schaeffler India Limited, part of the global automotive and industrial supplier Schaeffler Group, has established itself as a key player in the Indian market since its inception in 1962. The company specializes in developing and manufacturing high-precision components and systems for engines, transmissions, and chassis applications, as well as a broad range of bearing solutions for various industries.

As of 2024, Schaeffler India offers a diverse portfolio including products such as ball and roller bearings, linear motion products, and automotive components. The company's sales reached approximately ₹15,000 crore, reflecting strong demand across multiple segments.

Financial Performance in Latest Financial Reports

Schaeffler India Limited reported record-breaking financial performance in the latest fiscal year. The company's revenue increased by 12% compared to the previous year, driven by robust sales in both automotive and industrial sectors. In the latest quarterly report for Q2 2024, Schaeffler India posted a revenue of ₹3,800 crore, with a net profit margin of 10%.

The growth was particularly pronounced in the automotive segment, which accounted for over 70% of total sales. Key product lines such as electric vehicle components and advanced bearing solutions drove this growth, showcasing the company’s ability to adapt to market trends. The industrial segment also reported a healthy increase, contributing to approximately 30% of overall revenue.

Introduction to Schaeffler as a Leader in the Industry

With a robust presence in the Indian market, Schaeffler India Limited is recognized as one of the leading companies in its industry. Its commitment to innovation and quality, combined with strategic investments in research and development, has positioned the company as a reliable partner for various applications across sectors.

The company’s focus on sustainability and digitalization has further strengthened its market position. By embracing advanced technologies and streamlining operations, Schaeffler is set to capitalize on emerging market trends. Investors and industry watchers are encouraged to explore further to understand the unique strategies that have contributed to Schaeffler India's success in today's competitive landscape.

Mission Statement of Schaeffler India Limited

Mission Statement of Schaeffler India Limited

Schaeffler India Limited focuses on providing high-quality products and services in the industrial and automotive sectors. The company's mission emphasizes innovation, customer orientation, and operational excellence, which are critical for its long-term growth and sustainability.

Core Component 1: Innovation

The first core component of Schaeffler's mission statement is innovation. The company invests significantly in research and development to drive technological advancements. In 2022, Schaeffler allocated approximately 6% of its total sales revenue, amounting to roughly ₹1,000 crores, to R&D activities. The focus is on developing next-generation products that enhance efficiency and sustainability.

Core Component 2: Customer Orientation

Customer orientation is crucial to Schaeffler India’s mission. The company aims to deliver exceptional value by understanding and addressing customer needs. In 2023, Schaeffler achieved a customer satisfaction score of 92%, reflecting its commitment to quality and service. The company also boasts a diverse portfolio, with over 1,000 different products tailored to various customer segments.

Core Component 3: Operational Excellence

Operational excellence is the third core component. Schaeffler India strives for efficiency in its manufacturing processes, aiming to reduce costs while maintaining high-quality standards. The company's recent initiatives have led to a 15% reduction in production lead times and a 10% increase in overall equipment effectiveness (OEE) in the past year. This focus on operational improvements has resulted in annual cost savings of approximately ₹150 crores.

Vision Statement of Schaeffler India Limited

Future-Driven Innovation

Schaeffler India Limited envisions being a leader in future-driven innovation within the automotive and industrial sectors. This focus aligns with their commitment to investing significantly in research and development. In 2023, Schaeffler allocated approximately 6.5% of its total revenue, amounting to around ₹1,400 crore, towards R&D initiatives aimed at developing advanced products and technologies.

Global Market Leadership

The company's vision includes achieving global market leadership by enhancing its operational footprint. Schaeffler India aims to increase its global market share in the automotive components sector to 20% by 2025. As of the end of 2023, their market share stood at 15%, driven by its strategic partnerships and enhanced production capabilities.

Customer-Centric Approach

Schaeffler India’s vision prioritizes a customer-centric approach by delivering high-quality products tailored to meet diverse customer needs. The company has maintained a customer satisfaction rate of over 87% in recent surveys. Additionally, it plans to implement a new CRM system across all divisions to improve customer engagement starting in Q3 2024.

Sustainability Commitment

The vision emphasizes sustainability, with a target to reduce carbon emissions by 30% by 2030. In 2022, Schaeffler India achieved a 15% reduction in emissions, reflecting its ongoing investment in clean technology and manufacturing processes. The company is also transitioning its fleet to 100% electric vehicles by the end of 2025.

Employee Development

Focusing on employee development is another component of Schaeffler’s vision. The company aims to enhance employee training programs with a budget increase of 25% by 2024. As of 2023, over 70% of employees have received specialized training, contributing to a workforce skilled in advanced manufacturing techniques.

Core Values of Schaeffler India Limited

Integrity

Integrity is a core value that Schaeffler India Limited prioritizes in all aspects of its operations. This involves adhering to ethical practices, fostering transparency, and maintaining accountability in business interactions.

As a demonstration of this commitment, Schaeffler India has implemented robust compliance programs that include regular audits and training for employees, ensuring alignment with legal and ethical standards. For instance, in 2023, Schaeffler India reported a compliance rate of 98%, reflecting the effectiveness of its training initiatives.

Innovation

Innovation drives Schaeffler India's mission to remain competitive in the rapidly evolving automotive and industrial sectors. The company invests significantly in research and development to create advanced solutions.

In 2022, Schaeffler India allocated approximately €72 million to R&D activities, focusing on developing next-generation products such as electric vehicle components. The company also holds over 1,600 patents, showcasing its commitment to innovation across various technologies.

Furthermore, Schaeffler India is actively engaged in collaborative projects with academic institutions, enhancing its innovative capacity.

Sustainability

Sustainability is central to Schaeffler India's operations and corporate strategy. The company aims to minimize its environmental impact while promoting sustainability within its supply chain.

In its 2023 sustainability report, Schaeffler India achieved a 30% reduction in CO2 emissions since 2020. The company has also committed to utilizing 100% renewable energy for its manufacturing processes by 2025. Initiatives such as waste reduction programs and energy-efficient technologies are key components of this sustainability strategy.

Customer Orientation

Customer orientation is critical for Schaeffler India to deliver value and build lasting relationships with clients. The company focuses on understanding customer needs and tailoring solutions accordingly.

In 2023, Schaeffler India achieved a customer satisfaction score of 92%, indicating strong performance in meeting client expectations. They have also enhanced their customer service strategies by implementing a feedback loop, ensuring continuous improvement based on customer insights.

Additionally, the introduction of a dedicated customer support platform has streamlined communication, further solidifying the company's commitment to customer-centricity.

Responsibility

Responsibility is a core value that encompasses social, environmental, and corporate governance aspects. Schaeffler India takes accountability for its impact on society and strives to contribute positively.

In 2023, the company launched several community development initiatives, investing over ₹10 million in education and healthcare projects throughout India. This investment aligns with its goal to enhance societal well-being and support local communities.

Schaeffler India also adheres to strict governance policies, reflected in its score of 85% on the ESG (Environmental, Social, Governance) rating scale, showcasing its commitment to responsible business practices.