Schaeffler India's Q1 profit up on improved demand

Auto components maker Schaeffler India on Thursday reported a 3.8% rise in first-quarter profit, boosted by demand in its automotive segment.The Indian unit of Germany's Schaeffler AG said profit rose to 2.28 billion rupees ($27.36 million) for the three months ended March 31 from 2.19 billion rupees a year earlier.