Schaeffler India empowers the engineers of tomorrow with H.O.P.E Scholarship

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  • The Scholarship enables students from the economically weaker sections of society to achieve their education and career dreams
  • First year engineering students can avail financial aid of up to INR 75,000 per year
  • Online application started on 12thAugust, 2022

Pune | August 17, 2022: Leading industrial and automotive supplier Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today announced the launch of its  the fourth edition of its flagship H.O.P.E Engineering scholarship programme.

This initiative will provide up to INR 75,000 in financial aid to engineering students from economically weaker sections of society so they can complete their education, empowering them to become the leading engineers of tomorrow. The program is implemented by Buddy4Study.

Schaeffler India HR Vice President Mr. Santanu Ghoshal, “The H.O.P.E. scholarship is one of the absolute cornerstone initiatives enabling empowerment through our CSR program. We believe the brightest minds deserve to shine and empowering them with the right opportunities aligns with our purpose to advance the society and community for a better quality of life. This is our 4th consecutive year and we continue to see great results from tis program.”

Online application of scholarship can be done from 12thAugust, 2022 to 15thSeptember, 2022.

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For more details on eligibility criteria, selection process, and documents required visit ->Schaeffler India Hope Engineering Scholarship 2022-23

Results of the scholarship program is tentatively scheduled to be announced in October, 2022.

About HOPE

HOPE is Schaeffler India’s flagship CSR brand that has the following focus areas; Health Care, Occupational Skill for Employability, Preservation of National Heritage Art & Culture and Empowerment of Society. The engineering scholarship initiative is part of the organizations continuous endeavor towards empowerment through education.

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 70 years. With innovative technologies, products, and services for CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. 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 approximately EUR 12.6 billion in 2020. With around 83,900 employees, Schaeffler is one of the world’s largest family companies. With more than 1,900 patent applications in 2020, Schaeffler is Germany’s second most innovative company according to the DPMA (German Patent and Trademark Office).

Schaeffler India Limited

Schaeffler has been present in India for ~60 years. With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 8 sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 55.6 billion in 2021 and around 2,922 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.

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