New Delhi [India], Mar. 10 : Dharmesh Arora, who is currently the President and CEO of the Schaeffler Group in India (parent company of FAG Bearings India Ltd), has taken charge as the Managing Director of FAG Bearings India Limited, effective March 6, 2017. He will also continue to be the Managing Director of INA Bearings India Pvt Ltd, another group company of Schaeffler in India.

"Arora is a veteran of Automotive Industry having worked with Maruti Suzuki, General Motors and with Schaeffler Group in various leadership positions across geographic regions of the world. We welcome him to this new position to steer the organization to greater heights," said Avinash Gandhi, Chairman of FAG Bearings India Ltd.

FAG Bearings India Ltd., together with INA Bearings India Pvt Ltd and LuK India Pvt Ltd forms Schaeffler Group in India.

FAG Bearings India Ltd. was established at Vadodara, Gujarat in 1962. With sales of Rs.18 Billion in 2016 and 1,528 employees, it is India's leading manufacturer of rolling bearings. The company's plant is rated among the group's most technologically advanced facilities and has global qualifications in terms of quality and productivity. Its bearings are highly preferred in domestic as well as various global markets that find wide-ranging applications from electric motors to wind mills, motorcycles to mining, tractors to textile machines, and from paper to steel mills. (ANI)