Latest News | Schaeffler Inaugurates Software Development Centre in Pune; to Invest EUR 10 Mn

Mumbai, Nov 28 (PTI) German automotive and industrial components supplier Schaeffler on Monday inaugurated a new centre of competence in software development in Pune and said it plans to invest EUR 10 million in the facility.

The new facility will develop the electronics and software for the company's automotive components and systems especially for electric mobility and chassis applications in the future as a strategically important part of an international R&D network, Schaeffler Group said in a release.

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The newly formed entity Schaeffler Technology Solutions India Private Limited is a wholly owned subsidiary of the Schaeffler Group and will be employing 200 engineers in India by end this year and will be part of Schaeffler's e-Mobility business division, it said.

The engineers at the new technology center in Pune will be contributing to the areas of software development, electronics, mechatronics, and validation which are key to seamlessly blend electrical and mechanical components for overall system reliability and efficiency, as per the company.

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Schaeffler develops and manufactures a diverse mix of drive solutions for a wide range of applications. The activities in this area include semi- and fully electrified powertrains, fuel cell systems, and the development of internal combustion engines.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)