Compared to the initial 1,500 GBP Crores, Schaeffler India has invested in the last three years (from 2022 to 2024) 1,700 Crore ₹ to expand its local abilities in India. File | Photo Credit: Reuters
Schaeffler India Limited, a technology company with movement, has launched its fifth Shoogiri, Tamil Nadu.
The press release stated that the plant, which came up with an investment of 330 GBP and unfolded over 16,500 square meters, is engaged in the production of components and futuristic technologies of chassis and futuristic technologies. As part of the Schaeffler India strategy, it will address the growing requirements for the market in the automotive industry, the production facilities will serve as a center for the production and expansion of conventional and electrified drive units, especially for the Indian market.
With this device, the company also focuses on significantly increase the capacity of its transmission component.
Schaeffler AG (Powertrain and Chassis), Matthias Zink, said in a press release that “India is a key market for Schaeffler. The new device is an important step in our efforts to expand our global production track and other location in the region.”
According to the CEO and CEO Schaeffler India Harsha Kadam, “with the expansion of our production facilities we are well built to satisfy not only the current local markets, but also future needs when switching to e-mobile.”
Compared to the initial 1,500 GBP Crores, Schaeffler India has invested in the last three years (from 2022 to 2024) 1,700 Crore ₹ to expand its local abilities in India. This includes the extension of new product lines to solve drive units, e-mobility solutions, as well as large and medium deposits for industrial applications.
Schaeffler India also strengthened its presence in the digital automotive space with spare parts, with the acquisition of KRSV Innovative Auto Solutions PVT. Ltd. (Koors), Electronic Trading Platform B2B in 2023, edition was added.
Published – May 29, 2025 01:43
