# 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.

- Type: New facility
- Announced: 2021-11-23
- Where: Hosur, Tamil Nadu, India
- Value: $40.3M (3.00B INR)
- Jobs: 300
- Status: announced
- Products: transmission components, transmission systems for automotive and tractor segments
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler India](https://endata.com/companies/8619.md)
- [Guidance (Tamil Nadu)](https://endata.com/companies/8620.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/schaeffler-india-to-extend-production-footprint-in-tamil-nadu/article37642012.ece), 2021-11-23: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.