Schaeffler to invest Rs 300 cr for transmission components facility in TN

  • Industry News
  • Nov 29,21
New facility will expand the production footprint in Hosur for transmission components and systems
Schaeffler to invest Rs 300 cr for transmission components facility in TN

Chennai

Leading industrial and automotive supplier, Schaeffler India Limited has signed a Memorandum of Understanding (MoU) with Guidance, the nodal agency for the Government of Tamil Nadu, for investing over Rs 300 crore in next four years to set-up a new greenfield manufacturing facility in Hosur, Tamil Nadu, for manufacturing of transmission components and systems for automotive and tractor segments. The proposal will engender tangible economic and social benefits to state while generating direct employment for more than 300 individuals. 

Commenting on the development, Harsha Kadam, MD & CEO, Schaeffler India, said: “We have a long standing and productive relationship with Tamil Nadu Govt as we are already operating in Hosur for many years now. I am delighted to deepen our relationship today with this MoU. This expansion is in line with our strategic growth plans for India as we continue to localize and sustainably expand our footprint. We are certain that this agreement will further strengthen the relationship and take it to the next level. “

Further, according to MoU, the state government will facilitate and help Schaeffler India to get the necessary infrastructural & regulatory support on best-effort basis including the Single Window facilitation as per Tamil Nadu Business Facilitation Act 2018.

The Germany-based Schaeffler has been present in India for over 50 years. With 3 well known product brands (LuK, INA and FAG), four 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 Rs 37.6 billion in 2020 and 2794 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. 

Related Stories

Electrical & Electronics
Zoho plans $700 million foray into chip manufacturing; compound semiconductors

Zoho plans $700 million foray into chip manufacturing; compound semiconductors

Semiconductors occupy a pivotal position in India's economic agenda, with the government implementing a $10 billion package to fortify the industry's capabilities, positioning the nation to rival es..

Read more
Auto & Auto Components
HP & INDO-MIM spearhead metal 3DP for automotive applications in India

HP & INDO-MIM spearhead metal 3DP for automotive applications in India

As India is a highly cost-sensitive market, manufacturers may use 3DP for high-quality personalisation parts for vehicle interiors and detailed EV components.

Read more
Smart Manufacturing
Hannover Messe 2024: Powerhouse for promising upswing

Hannover Messe 2024: Powerhouse for promising upswing

The next Hannover Messe trade fair will be hosted from March 31 to April 4, 2025 and Canada will be featured as the partner country.

Read more

Related Products

Tata Motors unveils facilities for development of Hydrogen propulsion tech

AUTO COMPONENTS & ACCESSORIES

Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more

Request a Quote

Tata Motors plans petrol powertrain for Harrier and Safari SUVs

AUTO COMPONENTS & ACCESSORIES

Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more

Request a Quote

Electric Vehicle Charger

AUTO COMPONENTS & ACCESSORIES

RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back