Schaeffler India strengthens leadership with appointment of Aashish Bhatia as President Automotive Technologies

Pune, July 18, 2023: Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), today announced the appointment of Aashish Bhatia as President of Automotive Technologies (Automotive OE business).

In his role, Aashish Bhatia will be responsible for developing and executing the strategy of the Automotive OE business, with a focus on driving growth and ensuring its continued success. In this key role, Mr. Bhatia will be based at the corporate office in Baner and will report to Harsha Kadam, Managing Director & CEO of Schaeffler India and will be part of the Executive Leadership Team of Schaeffler India.

Mr. Bhatia brings with him a wealth of experience in product engineering, automotive electronics development, program management, and general management, spanning over 25 years. Most recently, he served as President of Visteon India. In the past he has held several senior management positions at renowned organizations such as Inteva Products, Hella, Delphi, and GE. His extensive expertise and leadership acumen makes him a valuable addition to Schaeffler India.

Mr. Bhatia holds a bachelor’s degree in electronics engineering from Marathwada University, a master’s degree in design engineering from IIT Delhi, and holds a degree in executive general management from IIM Bangalore.  His relentless pursuit of knowledge is evident through his numerous certifications in the field of Automotive Technology, acquired from prestigious Indian and global universities.

Commenting on the appointment, Mr. Harsha Kadam, Managing Director & CEO, Schaeffler India, expressed his excitement, stating, “We are delighted to have Aashish Bhatia join our esteemed leadership team. His vast experience and expertise in automotive technology will undoubtedly fuel our growth and innovation in the automotive sector. With Mr. Bhatia’s valuable contributions, we are confident in our ability to develop cutting-edge solutions that cater to the evolving needs of our customers.”

Mr. Bhatia also shared his enthusiasm about his new role, stating, “Schaeffler is renowned globally for its unwavering commitment to excellence, innovation, and a customer-centric approach. Joining such a distinguished organization fills me with immense pride and excitement for the journey ahead. At Schaeffler, we are not just a company; we are a community of passionate individuals united by a shared vision and a drive for success. Our commitment to engineering solutions that shape the future is strong, and we continue to set new benchmarks in our industry.”

 Schaeffler Group – We pioneer motion

As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable – over the entire life cycle. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications.

The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 84,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,250 patent applications in 2022, Schaeffler is Germany’s fourth most innovative company according to the DPMA (German Patent and Trademark Office).

About Schaeffler India Limited

Schaeffler has been present in India for over 60 years. With three well known product brands LuK, INA and FAG, four manufacturing plants and eight sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 68.7 billion in 2022 and around 3,190 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings (SRB) and wheel bearings which 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.

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