New Launch28 May 2025, 06:11 pm
Schaeffler India Ltd Inaugurates New Plant in Tamil Nadu with INR 3,300 Million Investment
AI Summary
Schaeffler India Limited has announced the inauguration of a new manufacturing facility located at Shoolagiri, Tamil Nadu. The greenfield project has an existing capacity of 0 and is expected to add a capacity of 1.6 mn units in the peak year in the mid-term. The total investment required for the Shoolagiri manufacturing facility is approximately INR 3,300 million, which is being financed through own generated funds. The rationale behind this investment is to cater to the increasing market demand with an innovative and sustainable production facility.
Key Highlights
- Schaeffler India Ltd has inaugurated a new manufacturing facility in Tamil Nadu.
- The new plant is a greenfield project with a proposed capacity of 1.6 mn units in the peak year.
- The total investment required for the Shoolagiri manufacturing facility is approximately INR 3,300 million.
- The investments are being made from own generated funds.
- The new facility is expected to cater to the increasing market demand with innovative and sustainable production.