Schaeffler India MD Arrested Over Factory Accident Investigation

Schaeffler India's CEO & Managing Director, Mr. Harsha Gopal Kadam, has been taken into custody by the Talegaon MIDC Police for investigation under the Bharatiya Nyaya Sanhita, 2023. This action is in relation to an accident that occurred on June 9, 2026, at the company's factory premises in Pune, which resulted in the loss of lives of two workers from a service provider due to a CO₂ gas discharge. The company is cooperating with the authorities and is consulting legal advisors to evaluate the situation and take necessary steps. Business operations are continuing as usual, and the senior management remains in charge of day-to-day management.