# Schaeffler India to build greenfield transmission plant in Hosur, Tamil Nadu

Schaeffler India signed an MoU with Tamil Nadu's investment agency Guidance to invest over INR 300 crore in a new greenfield plant in Hosur over four years. The plant will manufacture transmission components for conventional and electric vehicles and is expected to employ 300 people.

- Type: Investment
- Announced: 2021-11-01
- Where: Hosur, Tamil Nadu, India
- Value: $40.0M (3.00B INR)
- Jobs: 300
- Status: announced
- Products: transmission components, automotive transmission systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler India](https://endata.com/companies/8619.md)
- [Guidance](https://endata.com/companies/8743.md) (partner)

## Sources

- [mobilityoutlook.com](https://www.mobilityoutlook.com/features/innovation-is-key-to-sustaining-schaeffler-indias-competitive-advantage/), 2021-12-29: "invest over INR 300 crore in the next four years to set up a new Greenfield manufacturing facility in Hosur"

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