Schaeffler India signs MoU for greenfield transmission plant in Hosur, Tamil Nadu

Schaeffler India signed an MoU with Guidance, the Tamil Nadu government nodal agency, to invest over ₹300 crore in a new greenfield plant in Hosur making transmission components for automotive and tractor segments. The plant is expected to create more than 300 direct jobs within four years.

“Under the agreement, Schaeffler India will invest more than ₹300 crore in the next four years to set up a new greenfield manufacturing facility in Hosur, Tamil Nadu”thehindubusinessline.com

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• thehindubusinessline.comSchaeffler India to extend production footprint in Tamil Nadu - The HinduBusinessLineNov 23, 2021

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